Back to Drew's Views
Factors
A Memo to Investors
I know, these are weird and trying times. It all makes you wonder what the point of stock-picking is. What is the purpose of kicking the tires, looking under the hood, and doing our jobs?
Read More
Was “Value” Just a Hot Hand Thing?
In 1861, at the outset of the Civil War in the United States, Union Pacific issued 20 shares in its IPO.
Read More
The Hot-Hand Fallacy Fallacy Fallacy?
Many of you will be familiar with the so-called “hot-hand” fallacy, or (perhaps) the lack thereof.
Read More
The Times that Try Stock-Pickers’ Souls
On first principles, there is one way to generate excess stock market returns over the long term, and it isn’t to “own winners at any price.”
Read More
A Different Game?
I was out shooting baskets this weekend, thinking about the concept of inversion.
Read More
Bubblicious?
COVID-19 and related counteractive policies have had an extremely negative impact on domestic and global economies. Whether or not you believe that the policies weren’t strong enough, or if they were overzealous, we are where we are.
Read More
We Don’t Make Pizzas
Here at the Albert Bridge Restaurant, the investment team has the chefs, the IR team has the waiters, and the operations team ensures that the shop runs smoothly so that we can keep on serving up alpha (hopefully) to you, our customers.
Read More
Factor Timing, Should You Try?
These are our two cents on whether you, or we, or anyone else can pick the perfect time.
Read More
Peak Quality?
Mr. Market has been increasingly attracted to and enamoured by the concept of “quality” investing. So, let’s explore it.
Read More
On Passive Flows, Smart Money, and Alpha
The trend from active to passive (or systematic) investing is now well-entrenched.
Read More
Topics
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
How to get in Touch
Michelin House
Suite 109, 81 Fulham Road
London, SW3 6RD
Suite 109, 81 Fulham Road
London, SW3 6RD
