Welcome podcast listeners. Today we have a fantastic bonus episode for you.

We recently published our new book, The Best Investment Writing

Volume 2. The first one was a hit with Money Week concluding that it should be on

every investor's bookshelf. But we made the second volume even better. We

expanded it to include 41 hand selected investment

articles written by some of the most respected money managers and investment researchers in the world.

We are really proud of it. We also thought it would be fun to bring on some of the authors and have them read their specific chapter from the book.

So that's what you're getting in today's special bonus episode.

If you're interested in picking up a copy of the Best investment writing volume two head on over to

Amazon or a publisher's website which is Harryman House. Also know that your

purchase will be benefiting charities as all the writer proceeds to go to the

charity of the specific author's choosing.

So enough for me, let's get to our guest author take over with this special bonus episode.

Hi, this is Aaron Stanope.

I'm a principal at O'Shaughnessy Asset Management.

Our firm manages factor-based quantitative equity strategies for a range of

individual and institutional investors. We are constantly learning more about investing,

building discipline strategies to capture the best of what we've learned and share our broad findings

with other curious investors.

Today I'm going to read a chapter from the Best Investment Writing

Volume 2 titled Micro Caps, Factor Spreads, Structural Bias structural biases and the institutional imperative.

The ironic twist to the proliferation of factor-based strategies in recent years is that the overwhelming majority of these strategies are

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