For equity investors, the authors» findings can be provocative because they also address alternative explanations by prominent theorists who
attribute value outperformance either to extra financial risk bearing (Fama and French) or errors in extrapolating earnings growth (Lakonishok, Shleifer, and Vishny).
Not exact matches
In the speech, which was translated into the article, Buffett told a story that would remove any doubt that
value investors
outperformance should be
attributed to skill rather than luck.
Value's
outperformance, which has occurred historically in both the U.S. and foreign markets, has been
attributed to the greater risk involved.
In the speech, which was translated into the article, Buffett told a story that would remove any doubt that
value investors
outperformance should be
attributed to skill rather than luck.