Value investing: The academic research [Pt. 2]

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Rupert Hargreaves
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Continued from Pt.1….Value investing: The academic research [Pt. 1] [klarman] Value Investing – Study two: Risky Value The second study discussed in UBS’s research on value is “Risky Value” by Atif Ellahie, Michael Katz & Scott Richardson. As already highlighted in the previous paper, there is a lack of a broad consensus as to whether the value premium constitutes compensation for bearing some type of systematic risk, or the outcome of behaviorally-driven mispricing. Atif Ellahie, Michael Katz, and Scott Richardson attempt to provide further support to a risk-based story by exploring value investing across 30 countries. The authors start their…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk