Financial economist and researcher who pioneered quantitative investing and low-volatility investing. Died on 6 January 2013, aged 70.
University of California, Irvine
The New Finance argues that the value premium comes from investors extrapolating past growth rates too far rather than from bearing extra risk, contradicting the risk-based explanation Fama and French offered. The Inefficient Stock Market assembles the cross-sectional evidence, including the low-volatility result that factor products were later built on.
3 books of their own
The New Finance | – | T3 | Mohnish Pabrai | |
The Inefficient Stock Market | – | 1998 | T3 | Mohnish Pabrai |
Beast on Wall Street | – | 1999 | T4 | Mohnish Pabrai |