December 3, 2012

Long-Term Investing: An Optimal Strategy in Short-Term Oriented Markets

Paper Presentation II: “A Theoretical Analysis of Value and Momentum Strategies,” (Vayanos & Woolley, 2012)

  • Paul Woolley, Senior Fellow, London School of Economics

Discussants:

  • Tano Santos, Franklin Pitcher Johnson, Jr. Professor of Finance and Economics, Columbia Business School (comments presented by Patrick Bolton)
  • Jakub Jurek, Assistant Professor, Economics, Princeton University

Paul Woolley presented a rational model that addresses momentum versus value investing, and considering, among other factors, the agency problem.

Read the transcript of this event: Woolley, Santos, Jurek, Theoretical Analysis of Value and Momentum

Part of the Sustainable Investment research initiative.