tag:blogger.com,1999:blog-17478547.post8936851400664206604..comments2024-03-27T20:17:30.597+08:00Comments on Growing your tree of prosperity: Equity Management #8 : Front-running and factor crowding.Christopher Ng Wai Chunghttp://www.blogger.com/profile/15534057160494859977noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-17478547.post-27499560844792943192017-04-05T13:08:22.800+08:002017-04-05T13:08:22.800+08:00Good point, I doubt retail investors who do stock ...Good point, I doubt retail investors who do stock selection would be impacted as much as those to plough their cash into the smart beta ETFs. <br /><br />Christopher Ng Wai Chunghttps://www.blogger.com/profile/15534057160494859977noreply@blogger.comtag:blogger.com,1999:blog-17478547.post-91670410519193360532017-04-05T09:12:46.125+08:002017-04-05T09:12:46.125+08:00Value investing has been around for 80 years but s...Value investing has been around for 80 years but still works because most ppl cannot accept having trashy sounding stocks in their portfolio. <br /><br />Factor crowding if it happens, would become a victim of their own successes. Their aum increases and that would result in not being able to capture certain factors properly, such as value and size in particular. They will end up like warren Buffett's too much money problem and have to invest in Low beta stocks and add leverage to boost returns. Value and size would still be retail investors playgroundAlvinhttps://www.blogger.com/profile/15355622862810800357noreply@blogger.com