Quantifying human fallibility: factor investing and the enduring power of the value strategy
6th April 2023
Value investing works because of our chronic tendency to expect growth shares to grow forever. Do ‘smart beta’ funds allow investors to take advantage without picking stocks themselves?
Hume’s humility: coming to terms with the limits of what we can know
3rd February 2023
A visit to Edinburgh prompts reflections on a philosopher whose insight into the limits of knowledge would have made him a rather good observer of the financial world