Factor-based investing (value, quality, momentum, dividends) should be understood primarily as a diversification tool across different economic environments rather than as a means to generate alpha or beat the market.

normativepending

Speaker

Ben Carlson

Evidence Quote

I've never looked at factors as a way to get Alpha... the way that I see them is as a form of diversification

Source

Practical Lessons from Ben CarlsonExcess Returns
Created: 8/11/2026, 7:52:29 AM

My Notes

Loading notes...