(Last Updated On: August 18, 2017)
|Topic:||Why Value Investing is Simple, but Not Easy|
|Date and time:||Wednesday, March 11th, 2015 12:00pm
Eastern Daylight Time (New York)
|Description:||Dr. Wes Gray will describe the two pillars of behavioral finance: psychology and limits of arbitrage. He will review a case study on the so-called value-anomaly, or the spread in returns between cheap stocks and expensive stocks. Dr. Gray will describe the behavioral biases that underlie why “value” stocks can become undervalued, and explain why large pools of investment capital may be unable to exploit this investment opportunity. This combination of behavioral bias and limited competition may present a sustainable alpha opportunity for disciplined investors focused on buying undervalued securities.|
|Panelist(s):||Dr Wes Gray, Executive Managing Member, Alpha Architect, LLC|
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