Historically, we have always seen reversion to the mean. After stocks have had an unusually great 10 or 20 years, they typically turn in subpar results over the next 10 or 20, and after bad 10- to 20-year stretches, the… — James O'Shaughnessy Copy Share Image
The average investor does significantly worse than a simple index... It's literally because of the way our brains are wired. — James O'Shaughnessy Copy Share Image
If you are an investor who's retired and hopes to live off the income that your portfolio is generating, then we would focus just… — James O'Shaughnessy Copy Share Image
It seems that the one thing that doesn't change is people's reaction to short-term conditions and their axiomatic ability to perpetuate them far into… — James O'Shaughnessy Copy Share Image
If you're an investor who wants a little bit more from the capital-appreciation side of things, but still likes this concept of getting 'paid… — James O'Shaughnessy Copy Share Image
Fear, greed and hope have destroyed more portfolio value than any recession or depression we have ever been through. — James O'Shaughnessy Copy Share Image
Stocks change. Industries change. But the underlying reasons certain stocks are good investments remain the same. Only the fullness of time reveals which are… — James O'Shaughnessy Copy Share Image
Arbitrage human nature. It's not going to change any time soon. — James O'Shaughnessy Copy Share Image
If you're indexing to the S&P 500, you're buying the most expensive names in the market. — James O'Shaughnessy Copy Share Image
We continue to advise that investors remain committed to a patient, long-term outlook and that the best way to do well in stocks is… — James O'Shaughnessy Copy Share Image
By relying on the statistical information rather than a gut feeling, you allow the data to lead you to be in the right place… — James O'Shaughnessy Copy Share Image
