Rafael Resendes On Intrinsic Value, Economic Margin and How Some Value Models Have Lost Their Way

Excess Returns · Mar 25, 2021 · 55m

Systematic value strategies have had one of the worst performing periods in their history in the past decade. This extended underperformance, coupled with changes in the market and economy that many argue are unfavorable for the strategy have led many to question whether it is permanently broken.

As believers in the strategy, we have a natural tendency to discount these arguments and to invite on guests who support our opinion. So in this episode, we wanted to counteract that bias and look at the other side of the coin.

We are joined by Applied Finance founder Rafael Resendes, who has been a…