Benjamin Graham, often considered a strong candidate for the “the father of quantitative value investing“, developed an investment strategy that involved purchasing securities for less than their “current-asset value”, “a rough index of the liquidating value”. We uncovered ten research papers that examined the returns achieved by investing in such securities which were conducted over a number of decades and across […]

Introduction: In rational world investors make decisions to maximize their risk-return trade-off. They are assumed rational and able to overcome tendencies. However, the modern theory of investors’ decision-making suggests that investors do not always act rationally while making an investment decision (Bashir et al., 2013). When it comes to money and investing, they deal with […]