Publications
August 30, 2018

The Value Effect and Stationarity

Empirical studies routinely find that value stocks, defined as those with high book values compared…
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Publications
August 16, 2018

Information Release and Stock Price Movements: The Tesla Earnings Announcement and the Musk Tweet

On rare occasions individual observations of stock price movements are sufficiently informative that interesting insight…
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Publications
April 24, 2018

An Alternative Hypothesis to Market Efficiency

On repeated occasions, Eugene Fama has claimed that critics have failed to offer a complete…
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Publications
April 20, 2018

Yes. It’s a Bubble. So What?

With sky-high valuations in the US stock market, and what we believe is a tech…
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