In this presentation, Jim O'Shaughnessy, chairman and chief investment officer of O'Shaughnessy Asset Management, discusses fundamental characteristics that drive stock returns in different economic cycles; distilling hundreds of possible investment factors into persistent, cohesive themes that can form the foundation building blocks for equity strategies; how factor spreads tend to expand in and around recessions; managing risks in the current environment; and more.

This is the archived version of a live broadcast that took place at the 2018 Financial Analysts Seminar.