Chris Meredith

In our industry, we’re all too often guilty of asking, “what is your alpha,” rather than, “what is your process for finding alpha?”  Yet, in the long run, it is the process that is important.   I’m equally guilty of this.  In the history of this podcast, I’ve probably overemphasized the outcome of research versus the process of research. There are a few exceptions, though.  And in this dive into the archives, I wanted to return to Season 2, when I spoke with Chris Meredith, Co-Chief Investment Officer at O’Shaughnessy Asset Management. There are a lot of nuggets in this episode, ranging from ingesting data to working with research partners to a discussion of hardware setup.  But the part that has always stuck with me the most was Chris’s process for prioritizing research proposals based upon an AUM-scaled information ratio.   I’ll let Chris explain.  Enjoy.

Chris Meredith, Co-CIO of O'Shaughnessy Asset Management and a value investing expert, dives into the challenges traditional value investing faces today. He discusses how high-flying growth stocks have outpaced this historic strategy. The conversation highlights the nuances of value investing, from identifying genuine value stocks to understanding economic moats. Meredith also examines whether current downturns signal a temporary cycle or a deeper structural shift in the market, leaving listeners with thought-provoking insights on the future of investing.