A Complete Guide to Factor Investing with Andy Berkin

In this episode, we speak with Andy Berkin, Head of Research at Bridgeway and co-author of "Your Complete Guide to Factor Investing: The Way Smart Money Invests Today." We cover a wide range of factor investing topics, including the future of value investing, composites vs. individual metrics, the different approaches to multi-factor investing and factor timing. We also talk about how his background in Physics has helped him in his investing career, how investors should look at inflation and a lot more.

[@HepCatJack]

With the last few years we've had there have been a number of stocks that were considered growth stocks that have become value stocks with the massive drops or at least become statistically oversold using the technical analysis jargon. So someone purchasing a growth stock like one may purchase a house, by comparing the prices with similar houses or with recent past prices in the market that someone might find an entry point that they might recover from if they're not done falling. The discussion mentioned intangible assets but there are also intangible indicators of pessimism. Often people are the most pessimist before there is a rebound, one example might be for the Ark funds on which there is a persistent negative sentiment, however this sentiment has been negative for a while. Business Week had an Aug article in 1979 declaring the death of equities but people in equities like Berkshire did ok.

[@vt96]

In short, buy SPY and hold for 2+ decades. Nothing ground breaking here. These are old ideas that’s been pretty optimized already.

[@Bobventk]

No