This is a summary of links featured on Quantocracy on Friday, 05/13/2016. To see our most recent links, visit the Quant Mashup. Read on readers!
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How Portfolio Construction Affects Value Funds [Alpha Architect]Value investing is an investment philosophy that has been extensively discussed and examined at least since the days of Ben Graham, who popularized it as a discipline in the 20s and 30s. While there are some who are dismissive of its advantages as a long-term strategy, the historical evidence is compellingly clear: Cheap stocks beat expensive stocks over time (see our simulation study as an