Episode 404: The Finance Paper that Changed Everything

This is the Rational Reminder Podcast, a weekly reality check on sensible investing and financial decision making from two Canadians. We're hosted by me, Benjamin Felix, Chief Investment Officer, and Dan Bordellotti, portfolio manager at PWL Capital. Good to be back for another one. This is a topic, I think, Ben, that I feel like you've waited your whole life to finally give an overview of factor investing in this way. Yeah, we were kind of chatting about it before.

It's a topic we've talked about lots, but I don't think we've ever, well, we definitely have never done sort of a deep dive into the original paper that kicked off this whole way of thinking about expected returns and asset prices. Yeah, it was an interesting thing for me too, because I remember learning all of this a decade ago when I first got into understanding index investing at a high level. And then this takes index investing to a different level, but I hadn't really dove into it at this depth until, you know, the last little while. So anyway, it'll be interesting to

revisit it. It's come a long way in 15 years for sure. Definitely. We're calling this discussion the finance paper that changed everything. We're really talking about Fahman French's 1993 paper.

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