The Essence of the Benjamin Graham Approach

This week’s AAII Weekly Digest highlights these “must-read” AAII articles:   Volume Surges Have a Fading Impact on Returns Generally speaking, stock movements accompanied by spikes in volume are thought to be more meaningful and more likely to continue versus those movements made on relatively light trading volume. While new data from Australia shows that…

 

The Size Premium Lives, But Not for All Small-Company Stocks

One driver of stock price returns debated among research papers is the size premium. The size premium—also known as small minus big (SMB)—is the historical outperformance of small-company stocks relative to large-company stocks. The continued existence of this so-called anomaly has been called into question because of the essentially equal returns between small- and large-company…