Invest Like the Best with Patrick O'Shaughnessy cover image

Michael Mauboussin – Active Asset Management - [Invest Like the Best, EP.02]

Invest Like the Best with Patrick O'Shaughnessy

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Dividend Yield

I think for investors out there, income, if you need it, if you really do want those dividends, can still be a good thing. But you need to be mindful of the price you're paying for that. It seems to be this kind of wonder actional trade where, and this year's another example, dividend yields doing yielding stocks are doing phenomenally well. I've heard it said that the edge that remains is an analytical one,. As as a portfoy manager myself, when dealing with prospective investors or clients,  this is the question of the day. What is your edge, and how is it sustainable?

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