Historical tests of various asset pricing models, especially the CAPM, have given rise to an abundance of well-documented, anomalously priced characteristics in the cross section of stock returns. In ...
Free Lunch One section of Tuesday's column, "Buffett's Betas," didn't make much sense. That is, the secret sauce of Warren Buffett's equity selection. According to an award-winning paper, "Buffett's ...
The “low-volatility anomaly” looms rather large in CAPM literature. A new paper suggests that it has a lot to do with another phenomenon, generally discussed in a very different body of literature, ...
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