Jim O’Shaughnessy and OSAM PM Travis Fairchild discuss Travis’ recent paper on ESG. The discussion focuses on using Custom Indexing and technology to solve many of the challenges advisors face in aligning client portfolios with unique client v

The Case for Small Cap Stocks

Sep 16th, 2020 38m 39s

OSAM Portfolio Manager Travis Fairchild and Associate Jamie Catherwood come on to discuss their April paper titled ‘The Historic Opportunity in Small Cap Stocks’

The Factor Archives: Value

Feb 24th, 2020 35m 25s

Price is one of the most predictive determinants of future alpha and investors have recognized this since the first value fund was founded in 1779. While market environments and the methods of equity valuation have changed, the concept of purch

The Factor Archives: Shareholder Yield

Dec 18th, 2019 23m 56s

Although buybacks are constantly in the news, they have benefitted investors for centuries. In this episode, Jim and Jamie discuss the relationship between capital allocation and returns, 17th century dividends, 18th century buybacks, and a tim

The Factor Archives: Momentum

Dec 14th, 2019 54m 26s

Momentum is rooted in human nature and behavioral biases. This episode is a little different than other WWoWS episodes, as it was originally for guest Jamie Catherwood’s own history podcast, of which Jim was the first guest. However, enjoy this

ESG The Right Way

Dec 13th, 2019 41m 7s

Jim O’Shaughnessy and OSAM PM Travis Fairchild discuss Travis’ recent paper on ESG. The discussion focuses on the right and wrong approaches to ESG, the Canvas platform, and how factor investing ties into ESG.

The Factor Archives: A History of Factor Investing

Nov 20th, 2019 23m 25s

While they may not have been known by the same names, many modern investment factors have historical roots stretching back centuries.

Factors from Scratch (EP.06)

Sep 20th, 2018 34m 15s

A look back, and forward, at how, when, and why factors work

Negative Equity, Veiled Value, and the Erosion of Price-to-Book (EP.05)

May 8th, 2018 32m 21s

The price-to-book ratio has a problem. Accounting distortions are causing record numbers of U.S. companies to report negative book value and more and more cheap companies to be defined as expensive growth companies (Veiled Value Stocks). Join

A Returns-Based Approach for Allocating U.S. Microcap into Equities Portfolios (EP.04)

Dec 1st, 2017 23m 26s

“Traditional” asset allocation favors capacity-based frameworks that are overly-reliant on flawed market cap-weighted indexes. Also, that approach fails to make adjustments for investor risk tolerance or plan size. Investors who use a returns-

Finding the Factor Alpha in REITs (EP.03)

Oct 10th, 2017 27m 24s

According to our research, the efficacy of factor signals in real estate investing has largely been upstaged by the factor revolution in the equities market. In fact, the public real estate market is uniquely inefficient and a fertile ground

Microcaps’ Factor Spreads, Structural Biases, and the Institutional Imperative (EP.02)

Aug 9th, 2017 29m 19s

Many investors readily agree that alpha is scarce. It is hard to find, always in great demand, and requires skill to extract. The eclectic microcap universe provides a disparate group of continually evolving and devolving businesses with stru

Factor Crowding, Cobras, and Other Market Hyperboles (EP.01)

Jul 25th, 2017 31m 15s

After reading as many as 18 different WSJ articles on the subject, it’s understandable why investors might be up in arms about the alleged perils of factor crowding. We hope this discussion allays some of those concerns. Join us on this “What