Learn, build,
share, repeat.
We constantly learn more about investing, build disciplined strategies to capture the best of what we've learned, and share our broad findings with other curious investors.


Alpha or Assets? Factor Alpha vs. Smart Beta
By Patrick O'Shaughnessy, CFARead how to build investment strategies for alpha, not scale—and why we believe the asset management industry has gone in the opposite direction.
They Can’t All Be That Smart
By Chris Meredith, CFAAs the number of factor products increase, it’s important to understand how different portfolio construction methods can lead to very different investment results, even when using the same factors.
Price-to-Book’s Growing Blind Spot
By Chris Meredith, CFAHas an increase in shareholder transactions (primarily share repurchases) contributed to how price-to-book has gradually become ineffectual in recent years?