Research Insights

Screen Backtest during the 2008 debacle

Turnkey Analyst showed me a very interesting article from ZeroHedge this morning: http://www.zerohedge.com/news/some-fun-analogies-rhyming-history-and-repeating-futures The main point of the article? History almost repeated itself!   Oct [...]

Dividends can pay–without paying!

The Dividend Month Premium Sam Hartzmark and David Solomon A recent version of the paper can be found here. Abstract: We document that companies have [...]

Evolution and the Overconfidence Phenomenon

Many have questioned why overconfidence might exist in human populations when it can lead to suboptimal outcomes such as wars or, say, financial collapse.  Common [...]

Socrates Would Have Been a Quant

The Greek philosopher Socrates walked the streets of Athens in a dirty cloak, talking with people throughout the city, and sources differ as to whether [...]

R&D to your portfolio’s rescue!

The Stock Market Valuation of Research and Development Expenditures Louis Chan, Josef Lakonishok, and Theodore Sougiannis A recent version of the paper can be found [...]

Decision Fatigue

All of us are faced every day with a myriad of choices, but if you’re like me, you don’t spend much time thinking about how [...]

Mr. Market and Joe Pesci

We here at Turnkey Analyst are big fans of Ben Graham, and are stalwart believers in the enduring relevance of Graham’s famous character, Mr. Market, [...]

The Accrual Anomaly For Dummies

One of the subtler screens offered at Turnkey Analyst is the Percent Accruals screen.  For an excellent review of the “Accrual Anomaly,” take a look at [...]

Why Growth Stocks are Awesome

Sometimes its nice to reflect on some of the more esoteric articles being published in academic finance journals--good way to assess exactly how disconnected from [...]

Market Chaos Review

Meb has some great analytics and perspective on the recent turmoil in the markets: http://www.mebanefaber.com/2011/08/04/gaining-some-perspective/ Meb's post inspired me to churn out some quick research. [...]

Corporate Governance Brain Drain

I'd like to welcome a new contributor to the Alpha Architect blog -- Jack Vogel. Jack is currently a PhD student in finance at Drexel [...]

A Better Buyback Strategy

Repurchases, Reputation, and Returns Alice Bonaime A recent version of the paper  can be found here. Abstract: This paper examines whether a firm’s reputation is [...]

How to use the Fama French Model

The CAPM is prolific, but doesn't appear to work! In this blog, we discuss our views on how to use the Fama French model. (Note: [...]

Stop Using the Altman-Z Score.

Ed Altman is simply a legend. Everyone in finance is familiar with the Altman Z-Score and many analysts use it religiously--despite the fact there has [...]

Juicing up the Accrual Anomaly

Percent Accruals Nader Hafzalla, Russell Lundholm, and Matt Van Winkle A version of the paper  can be found here. Abstract: We document how the effectiveness [...]

Taxes are more important than alpha.

Paying taxes is my least favorite topic. Figuring out how to not pay taxes is my favorite topic. Before I continue, if you want to read [...]

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