Questioning Conventional Wisdom on Risk & Return
How should we measure risk? We question short-term volatility as a proxy for long-term risk.
Global Banks: Resilience in the Face of Crisis
Against the volatile backdrop of today’s economic environment, bank stocks stand out.
Volatility, Wide Spreads, and Value Stock Returns
History suggests that in times of uncertainty, investing in undervalued companies pays off long term.
Value Outperformance Following Extreme Volatility
Extreme volatility has historically been conducive to small cap value outperformance.
Recent Events Have Set up a Classic Value Opportunity
Valuation spreads between the cheapest and most expensive stocks are at or near all-time highs.
Initial Stages of Recovery
Following each of the last five bear markets, value stocks outperformed one year from the trough.
Bear Markets, Recoveries, and Value Stocks
In the midst of heightened investor fears, it's helpful to examine the historical context of recoveries.
Thinking Strategically About a Value Allocation to Emerging Markets
A valuation-based approach has worked better in emerging markets than the developed world.