Fact, Fiction, and Value Investing
Fact, Fiction, and Value Investing ArXiv ID: ssrn-2595747 “View on arXiv” Authors: Unknown Abstract Value investing has been a part of the investment lexicon for at least the better part of a century. In particular the diversified systematic “value factor” or Keywords: Value Investing, Value Factor, Systematic Investing, Factor Investing, Equities Complexity vs Empirical Score Math Complexity: 1.5/10 Empirical Rigor: 8.0/10 Quadrant: Street Traders Why: The paper relies on accessible, industry-standard data for straightforward empirical tests, resulting in high empirical rigor, but uses minimal advanced mathematics or dense formulas, leading to low math complexity. flowchart TD A["Research Goal<br>Is the value factor robust<br>across time and geographies?"] --> B["Methodology<br>Longitudinal & cross-sectional analysis"] B --> C["Data Inputs<br>Global equities<br>Decades of historical data"] C --> D["Computational Process<br>Systematic value factor construction<br>Backtesting & attribution"] D --> E["Key Findings<br>Value factor persists but varies<br>Systematic implementation required"]