Welcome podcast listeners. We have a fantastic episode for you today.

Last year when we published the Best Investment Writing

Volume 2, we offered authors the opportunity to record an audio version of their

chapter to be released as a segment of the podcast and listeners loved it. This year we're bringing you

the entire volume of the best investment writing volume 3 in podcast format.

You'll hear from some of the most respected money managers and

investment researchers all over the world. Enough for me. Let's get to our guests and

let them take over this special episode.

Hi, this is Corey Hofstein and I am the co-founder and chief investment officer of

New Found Research.

New Found Research is a quantitative asset management firm with a focus on risk managed tactical

asset allocation strategies.

We were founded in August 2008 and are based out of Boston, Massachusetts.

To learn more about our firm, you can visit us at think new found.com or our blog, blog dot think new found

dot new found or listen to our podcast flirting with models.

I'm going to read a piece titled Factor Fimble Winter published in June 2018. Summary.

Value investing continues to experience a trough of sorrow. In particular, the traditional Price to Book factor has failed to establish new

highs since December 2006 and sits in a 25% drawdown. While priced a book has been the academic measure of choice for 25

plus years, many practitioners have begun to question its value, pun intended.

We have also witnessed the turning of question its value, pun intended.

We have also witnessed the turning of the tides against the size premium, with many practitioners

no longer considering it to be a valid standalone anomaly. This comes 35 plus years after being first

...