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4min chapter
Cliff Asness - "...But Not So Open Your Mind Falls Out" (S3E13)
Flirting with Models
Is There a Better Way to Compare Value Investing?
One of the first papers probably the first unpublished but public paper to look at how the various factors that are investing. Back then it was really value, momentum and size. And we found that most of the juice and particularly for value investing came from within industry. That doesn't mean an active value manager couldn't come up with a better indicator for it.
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