The Investment Fiduciary

Archive for October 22nd, 2007

Not Without Risk: Factors Driving Stock Returns

Posted by: investment-scientist on: October 22, 2007

This is a communication to clients of MZ Capital. Sensitive information is censored with”xxx”.
In this article, I will attempt to explain the three primary factors driving stock returns and how our strategy MDVFS is designed to exploit these factors.
Academics have found out that stock returns are driven by several factors: size, valuation, fundamental, seasonal and [...]


Author

Michael Zhuang is principal of MZ Capital , a fee-only financial planner and investment advisor. He is a fan of David Swensen, Jack Bogle and Warren Buffet and he shamelessly steals their ideas to help clients build wealth slowly. Michael lives in Bethesda, MD, a suburb of Washington, DC. Get his free monthly investment report by email here. (What you read here is his opinion, not advice to anybody. )

Twitter: @mzhuang