PT  - JOURNAL ARTICLE
AU  - John C. Bogle
AU  - Michael W. Nolan, Jr
ED  - Picchi, Aimee
TI  - Practical Applications of Occam’s Razor Redux
AID  - 10.3905/pa.2016.3.4.151
DP  - 2016 Apr 30
TA  - Practical Applications
PG  - 1--5
VI  - 3
IP  - 4
4099  - https://pm-research.com/content/3/4/1.9.short
4100  - https://pm-research.com/content/3/4/1.9.full
AB  - Occam’s Razor Redux: Establishing Reasonable Expectations for Financial Market Returns John C Bogle Michael W Nolan Jr In 1991, when legendary Vanguard Group Founder Jack Bogle introduced his “simple,” three-factor approach to predicting equity returns— Investing in the 1990s —he wrote, “Its accuracy remains only to be demonstrated, and time will tell.”Twenty-five years later, Bogle and co-author Michael Nolan, Jr., Senior Investment Analyst at Vanguard’s Bogle Financial Markets Research Center , revisited the original research.Bogle’s revisit—and his outlook for the next decade—has drawn coverage from The Wall Street Journal , Business Insider , and other business publications, with The Wall Street Journal’s Jason Zweig advising readers to emulate Bogle’s approach and long-term view.TOPICS: Factor-based models, simulations