Stock Returns – The Bessembinder Report

Stock returns wide

1 Response

  1. Al Cam says:

    The May 2018 version of the Bessembinder Report,

    see for example:
    http://www.q-group.org/wpcontent/uploads/2018/10/Bessembinder_StocksTreasuryBills_paper.pdf

    concludes its abstract with the following sentence “The results help to explain why poorly diversified active strategies most often underperform market averages.”

    So it would seem that the author of the work may also not entirely agree with the conclusions of JA et al.

    Also, that version of the paper contains a footnote to the Introduction that says “Since first circulating this paper, I have become aware of blog posts that show findings with a similar, though less comprehensive, flavor.”

Leave a Reply

Your email address will not be published. Required fields are marked *

Stock Returns – The Bessembinder Report

by Mike Rawson time to read: 5 min
More in Passive, What works
Unitising a portfolio
Unitising a Portfolio – VCT and EIS

Today's post is about how to unitise a portfolio.

Close