This week Ryan and Jack discuss three topics. First, they examine the returns to U.S. stock broken down by (1) size and (2) factors (mega-cap stocks were the place to invest over the last 5 years!). Second, they examine a post by Adam Tkaczuk on Opportunity Zones–a must read for those with low basis securities. Third, they examine a post by Tommi on Hedge Funds and their role in reducing mispricing.

Paper Links:

Factor Investing Fact Check: Are Value and Momentum Dead?

https://alphaarchitect.com/2018/11/15/factor-investing-fact-check-are-value-and-momentum-dead/

Want to Minimize Capital Gains Taxes? Check Out Our Guide to Opportunity Zone Investments

https://alphaarchitect.com/2018/11/13/want-to-minimize-capital-gains-taxes-check-out-our-guide-to-opportunity-zone-investments/

Hedge Funds may Profit from Stock-Picking and Help Reduce Mispricing

https://alphaarchitect.com/2018/11/12/hedge-funds-may-profit-from-stock-picking-and-help-reduce-mispricing/