TY - JOUR T1 - Practical Applications of Fact, Fiction, and Value Investing JF - Practical Applications SP - 1 LP - 5 DO - 10.3905/pa.2016.3.4.146 VL - 3 IS - 4 AU - Clifford Asness AU - Andrea Frazzini AU - Ronen Israel AU - Tobias Moskowitz A2 - Picchi, Aimee Y1 - 2016/04/30 UR - https://pm-research.com/content/3/4/1.4.abstract N2 - Fact, Fiction, and Value Investing Clifford Asness Andrea Frazzini Ronen Israel Tobias Moskowitz Value investing’s origins go back to well before the publication of Benjamin Graham and David Dodd ’s classic book Security Analysis in 1934. And today, it still reigns as one of the best-known and famously successful strategies—just look at the successes of Warren Buffet and Berkshire Hathaway. Even so, myths and misperceptions abound. Colleagues and co-authors from AQR Capital Management—Cliff Asness , Andrea Frazzini , Ronen Israel and Tobias Moskowitz —identified nine myths and unrealized truths about value investing by assessing academic research, evaluating perspectives from the trenches and incorporating their firm’s own empirical analysis.Their article— Fact, Fiction, and Value Investing —was named Outstanding Article in the 17th Annual Bernstein Fabozzi/Jacobs Levy Awards .TOPICS: Security analysis and valuation, portfolio theory ER -