notices - See details
Notices
DW
Dougal Williams (not verified)
9th December 2015 | 1:54pm

Thank you, Brad. I enjoyed reading the statistics you cite, as well. From my perspective, it reinforces the decision--assuming one believes there is a value premium--to maintain consistent exposure to value, whatever that exposure is for a certain investor. It's not an earth-shattering observation to say the risk of missing it altogether when it does appear (a la those months in 2000-2001) is higher with a timing strategy.