quality factor
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Jun 10, 2019 by Patrick O'Shaughnessy · across every show →
Everything said about quality factor, oldest first
Jun 10, 2019 bearish
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…”