List

Quantamental Investing - A Century of Inventions

I am inspired by this list, especially if I imagine the investing world without this knowledge.

  1. DuPont Formula (Donaldson Brown, 1918)

  2. Value Investing (Benjamin Graham and David Dodd, 1928)*

  3. Dividend Discount Model (John Burr Williams, 1938)

A Growing List of Long-Run Factor Studies

While there exists a well-established (at least a century-old) academic interest in the long-run properties of asset class returns like the U.S. Equity, Fixed Income, Commodity and Real Estate Markets, only during the past decade, has there emerged a branch of literature studying the cross-sectional factors like price momentum and value, as well as other effects like trend and volatility over the long-run.

Top Free Factor Investing Tools and Data Websites

Factor investing has been democratized. Having spent over 15 years as an institutional portfolio manager in factor-based strategies, I am amazed at the adoption rate of these approaches. I am now often asked by investors interested in factors for free web-tools to learn and experiment with factor-based technologies, and here are some of the best free sites that I recommend for factor investing: