Quality Factor
topic on 1 show · 1 statements across 1 episodes
1 statements about Quality Factor, every show
O'Shaughnessy: High quality metrics do not generate excess returns; low quality destroys them
“In the quantitative sense, high ROEs or gross profitability or whatever your measure of quality is really isn't indicative of strong future excess returns. What's really useful about quality is that very bad quality, so really over levered balance sheets, comp…”