Abnormal earnings growth (both good and bad) reverts to the mean faster than the market has historically forecast. Thus, an investment strategy that bets on growth is a strategy likely to disappoint ...

Ideas that emerged from the University of Chicago in the 1960s changed the world. But as a new film shows, they almost didn’t ...

When you picture a quant hedge fund manager, you probably imagine a secretive, wildly idiosyncratic James Bond–villain type.

The film, made by Academy Award-winning documentarian Errol Morris, chronicles the rise of academic finance in the middle of ...