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Profitability Retrospective: What Have We Learned?

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NBER2025-03-01 更新2025-03-29 收录
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https://www.nber.org/papers/w33601
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A lot! Profitability subsumes all of quality investing, explaining both the performance of the strategies that industry markets and the factors that academics employ. It also has striking power pricing defensive equity strategies that overweight low-beta or low-volatility stocks. Profitability tilts
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2025-03-01
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