Winter Camp: A Conversation with Robert Novy-Marx

In 2013, Robert Novy-Marx, published an influential paper that showed profitability is a long-term reliable driver of differences in expected stock returns, just like size and value. This catapulted profitability, also known as quality, into its role as a key factor for systematic equity strategies. During this moderated discussion, Professor of Finance and Research Consultant, Robert Novy-Marx, and Jonathan Scheid, President, will discuss more on what led to his discovery, the importance of an evidence-based strategy and why it's important for clients to understand.