“What Works on Wall Street” Podcast
Traditional asset allocation favors capacity-based frameworks that are overly-reliant on flawed market cap-weighted indexes. Also, that approach fails to make adjustments for investor risk tolerance or plan size…
Episode 4: This podcast series is now on iTunes, transcript below: Continue reading “Podcast 4: A Returns-Based Approach
for Allocating U.S. Microcap
into Equities Portfolios”
Some ideas for the bookworms on your holiday gift list… These are the books that I most enjoyed reading last year. As always, I hope you find something great to gift — and/or keep for your own perusal.
Continue reading “Book Marks:
13 Picks from the Recent Past”
* The backtested results for this article are as of 10/31/17.
Value is the centerpiece of our investment framework and it gets built into every one of our strategies — even growth-oriented strategies. We believe that what you pay for an investment is one of the most predictive characteristics of future alpha. Continue reading “Factor Alpha Newsletter
“OSAM Value” (2000 thru Oct-2017)”
OSAM Director of Research & Senior Portfolio Manager Chris Meredith joins Bloomberg Markets co-anchors Carol Massar and Cory Johnson during his visit to their daily radio program in October.
This interview offers a helpful and concise look at OSAM Research’s process…
“Bloomberg Markets: OSAM’s Chris Meredith on Successful Active Investing” transcript: Continue reading “Active Investing — Tips for Success
on Bloomberg Markets”
“What ails the truth is that it is mainly uncomfortable, and often dull.
The human mind seeks something more amusing, and more caressing.”
— H. L. Mencken
Given our current state of affairs, it seems like right now is a very good time for a refresher on Human Behavior — the one predictable thing in the market. Continue reading “Humans are Unreliable Experts,
Getting in the Way of Outstanding Performance”
As widely reported, in the years since the financial crisis of 2008 passive investing has gained in popularity. While passive investing may have merit in certain portfolios, we believe that traditional indexing is flawed. Continue reading “3Q17 Factor Alpha Newsletter
“Are the fees that these funds are charging right now justifiable, given the outcomes and given that, in many cases, they are just simply ‘repackaging exposures’?
. . .
Absolutely. Because at the end of the day, “strategic beta is just a new form of active management.”
— Ben Johnson (Director, Global ETF Research Morningstar)
While factor investing has experienced significant proliferation across the equity landscape, the approach has largely been ignored in the publicly-traded real estate securities market. Continue reading “3Q17 Factor Alpha Newsletter
“What Works on Wall Street” Podcast
According to our research — and apparently for no good reason — the efficacy of factor signals in real estate investing has largely been upstaged by the factor revolution in the equities market. In fact, the public real estate market is uniquely inefficient and a fertile ground for active, factor-based investing…
Episode 3 transcript: Continue reading “Podcast 3: Finding the Factor Alpha in REITs”
As I cautioned earlier (see Parts 1, 2, and 3), it’s harder than you’d think to stick with an Active approach to investing. Traits #6 and #7 (of 7 total) outline two more ways for Active investors to achieve greatness over the long term: Continue reading “7 Traits for Investing Greatness:
#6 Probability vs. Possibility
What does it take to be an Active investor? It’s a lot harder than it looks. Following up on the first and second part of this article, let’s examine Traits #4 and #5 (of 7 total) that I believe every long-term Active investor needs for success: Continue reading “7 Traits for Investing Greatness:
#4 Patience & Persistence