While we’ve all come to understand the benefits of diversification when investing in U.S. equities, one economist, Hendrik Bessembinder at Arizona State University, has greatly contributed to our ...

The Morningstar Rating assigns 1 to 5 stars to a fund based on its risk-adjusted-return ranking compared with funds in the same Morningstar Category. In contrast to the forward-looking Morningstar ...

In my last post, I discussed the negative impact of positive skew for active managers. Basically, that more than 50% of all stocks in a given market underperform the average because there are stocks ...

Hendrik Bessembinder has contributed to our understanding of the distribution of returns and the benefits of diversification when investing in U.S. public equities. For example, in his 2021 study ...