Robert Novy-Marx

Guest Robert Novy-Marx, an award-winning finance professor, discusses the predictive power of value research, the underperformance of value stocks due to sector tilts, and the difference between gross profits and net income. He also previews his upcoming presentation on reversals and liquidity provisions at the Wharton School's conference. The podcast also covers market trends, the impact of oil prices on the economy, recent news on tech valuations, factor investing, and concerns about AI in finance.