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Podcast: The Meb Faber Show - Better Investing
Episode: Pim van Vliet - The Reality Is High-Risk Stocks Earn Low Returns | #121
Description: In Episode 121, we welcome fellow quant, Pim van Vliet. If you’re a low-vol investor, or having been wanting to learn more about low-vol, this is the episode for you.Meb dives straight in, opening with a quote from Pim: "The low-volatility effect is perhaps the largest anomaly in finance, challenging the basic trade-off between risk and return, as higher risk does not lead to higher returns. Still, it remains one of the least utilized factor premiums in financial markets." He asks Pim to explain.Pim tell us that low-volatility is the biggest anomaly of th...