Does Low (Minimum) Volatility Investing Have the Potential to Persist?

Paradoxically, low-risk stocks historically have outperformed higher-risk stocks over the long run. They outperformed due to the behavioral biases of investors. Dr. Daniel Crosby, behavioral finance expert, has devised a three-part test (The Crosby Test) to determine if an investable idea has the potential to persist. The criteria are: The idea must be sensible. The […]