Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

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Factor Investing and Smart Beta

Investment styles

Slicing returns into value, size, momentum, quality, low volatility and carry, then buying the exposures cheaply.

Books 9Experts 3Recommenders 3

Start here

  1. Your Complete Guide to Factor-Based InvestingAndrew L. Berkin, Larry E. Swedroe, 2016
  2. What Works on Wall StreetJames P. O'Shaughnessy, 1996
  3. Expected ReturnsAntti Ilmanen, 2011
  4. Active Portfolio ManagementRichard C. Grinold, Ronald N. Kahn, 1995
Active Portfolio ManagementActive Portfolio Management
T1 Active Portfolio Management
Richard C. Grinold, Ronald N. Kahn · 1995
Open LibraryGoodreads

The quantitative method for building active portfolios against a benchmark.

What Works on Wall StreetWhat Works on Wall Street
T2 What Works on Wall Street
James P. O'Shaughnessy · 1996
Open LibraryGoodreads

Decades of US stock data testing which selection rules have beaten the market.

“Strongly Recommended. Great data.” — Mohnish Pabrai

Source: Mohnish's Bookshelf — Books on Investing & Capital Allocation, entry 336

Recommended by: Mohnish Pabrai, Patrick O'Shaughnessy

Expected ReturnsExpected Returns
T2 Expected Returns
Antti Ilmanen · 2011
Open LibraryGoodreads

The evidence on what drives returns across asset classes: risk factors and behaviour.

Asset Management: A Systematic Approach to FAsset Management: A Systematic Approach to Factor Investing
T2 Asset Management: A Systematic Approach to Factor Investing
Andrew Ang · 2014
Open LibraryGoodreads

Factor investing for asset owners: factors as the nutrients inside assets.

Recommended by: Patrick O'Shaughnessy

Efficiently Inefficient
T2 Efficiently Inefficient
Lasse Heje Pedersen · 2015
Open LibraryGoodreads

Markets pay skilled active managers; a survey of the strategies they run.

The Incredible Shrinking AlphaThe Incredible Shrinking Alpha
T3 The Incredible Shrinking Alpha
Andrew L. Berkin, Larry E. Swedroe · 2015
Open LibraryGoodreads

How much alpha turned out to be factor exposure sold expensively.

Empirical Asset PricingEmpirical Asset Pricing
T3 Empirical Asset Pricing
Turan G. Bali, Robert F. Engle, Scott Murray · 2016
Open LibraryGoodreads

The cross-sectional testing methods behind every factor claim.

Your Complete Guide to Factor-Based InvestinYour Complete Guide to Factor-Based Investing
T3 Your Complete Guide to Factor-Based Investing
Andrew L. Berkin, Larry E. Swedroe · 2016
Open LibraryGoodreads

Sets evidence bars a factor must clear before you allocate to it.

The Missing Risk Premium: Why Low Volatility
T4 The Missing Risk Premium: Why Low Volatility Investing Works
Eric G. Falkenstein · 2012
Open LibraryGoodreads

Recommended by: Patrick Collison

More investment styles

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