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Media Mention (媒体报道)


Replicating anomalies,, July 3, 2017


Attention aux fake strategies smart beta, Associés en Finance, in French, June 30, 2017


Replicating anomalies in financial markets with Hou, Xue, and Zhang, The Economics Detective Radio, June 30, 2017


Bursting the big data bubble…. with theory,, June 23, 2017


Replicating scientific research: Ugly truth, True Economics, June 16, 2017


Hou, Xue, and Zhang: Replication controversies in finance and accounting, The Replication Network, June 14, 2017


Financial anomalies are contingent on being unknown, Statistical Modeling, Causal Inference, and Social Science, June 10, 2017


Are markets efficient if you are a particle physicist? Prof. Jayanth R. Varma’s Financial Markets Blog, June 7, 2017


Mast investment letter, Mast Investment Advisors LLC, June 2017


My smart beta ETF premised on cats rang up an 849,751% return, Bloomberg


Reexamining accepted market wisdom, TwoPlusTwo Magazine


E’ possibile battere il mercato?


One by one, the anti-EMH arguments collapse,


What’d You Miss?” (57:29), Bloomberg, May 24, 2017


A practical approach to factor-based investing, The Globe and Mail, May 23, 2017


Most stock anomalies fake news? CXO Advisory, May 23, 2017


All about microcaps, Daily Speculations, May 23, 2017


Problems with the factor zoo, by Larry Swedroe,, May 19, 2017


How well do anomalies in finance and accounting replicate? The Replication Network


P-hacking versus skin in the game: How can understanding incentive structures help us think about market efficiency?,


Weekly top 5 papers – May 15th 2017, The SSRN Blog


P-hacking in anomaly research, Diary of Imaginary, in Japanese


Most supposed market anomalies don’t exist, or are too small to matter, FamilyWealth news, May 15, 2017


Which anomalies are legit?


Kicking the tires of market anomalies, by James Mackintosh, The Wall Street Journal, Business & Finance B1-B2, May 12, 2017 [pdf]


When researchers and investors walk into a bar, the investors get hammered, by Jason Zweig, The Wall Street Journal, May 12, 2017 [pdf]


Active manager lags despite research, by Larry Swedroe,, May 12, 2017


WSJ: Most market anomalies academics have identified don’t exist,


An algorithm, an ETF and an academic study walk into a bar, by James Mackintosh, The Wall Street Journal, May 11, 2017 [pdf]


Ivory tower wonks help traders make a quick buck, by Noah Smith, Bloomberg View, May 11, 2017


Cleaning out the factor zoo, by James Picerno, The Capital Spectator, May 11, 2017,, May 11, 2017, Seeking Alpha, May 12, 2017


Half anomalies are fantasy of the discoverers, IEXProfs, in Dutch, May 11, 2017


Do you think behavioral anomalies will persist?


Do trading costs destroy factor investing?


Anomalies, pitches, and promises, by Matt Levine, Bloomberg View, May 9, 2017


Research paper says most market anomalies are imaginary, by Eric Weiner, The Globe and Mail, May 9, 2017


Forget factors, paper says most market anomalies are imaginary, by Eric Weiner, The Washington Post, May 9, 2017


A new paper just took a huge shot at some of the world’s hottest investments, by Eric Weiner, Bloomberg, May 8, 2017


Market anomalies fail to replicate,


Replicating anomalies, No Hesitations


How to make trouble,


Financial research, data mining, and star wars (金融研究,数据挖掘与星球大战), in Chinese, 辍耕录


投资CAPM, Diary of Imaginary, in Japanese


A new benchmark model for estimating expected stock returns, Oxford University Press blog


Battle of new factor models, by Larry Swedroe,


Passive investing’s foundations, by Larry Swedroe,


Applications of quantitative investment models in asset management (量化投资模型在资产管理中的策略与应用), in Chinese, 陆想汇, 雪球


Lu Zhang: The q-factor model can be used in quantitative investment management (张橹: q-因子模型可用于量化投资管理), in Chinese, Shanghai Financial News (上海金融报)


Improving on Fama-French, by Larry Swedroe,


Factor investing is more art, and less science, by Wesley Gray, Alpha architect


Using profitability as a factor? Perhaps you should think twice…, by Wesley Gray, Alpha architect


The academic finance papers that changed my mind, by Wesley Gray, Alpha architect


A new four-factor investing model, by Larry Swedroe, BAM Intelligence


Is outperforming the market alpha or beta? by Larry Swedroe and Andrew Berkin, The AAII Journal, American Association of Individual Investors


Stock anomaly smorgasbord-Wow! by Wesley Gray, Alpha architect


Understanding the value premium, by Larry Swedroe,


Challenge to the Fama French three factor model,


The expected value premium, CFA Institute Publications


Explaining the value premium, Index Fund Advisors


The countercyclical value premium? CXO Advisory


Is value riskier than growth? Edhec-Risk


The value of value, Advisor Perspectives


Smart beta: Strategies and implementation,


Factor investing,


Value investing: Timeless reading,