Rebalancing sounds mechanical — sell a bit here, buy a bit there. But most investors only understand what it's actually doing after they've

"The stock is down 40%, it has to come back." You've heard this. You may have said it. It sounds sophisticated — it invokes statistical law.

After reading this, you will be able to identify whether a management team is a disciplined capital allocator or a valuedestroying one — and

What Is Factor Investing? Most investors pick stocks based on a story or a number they like. Factor investing asks a sharper question: whic