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Making Factor Strategies Work for Everyone

Summary by Alpha Architect
This article explores the difference between tradable and on-paper (theoretical) risk factors in investing. Risk factors are strategies that help explain stock market returns, but many work only in theory and not in real life. Making Factor Strategies Work for Everyone was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
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Alpha Architect broke the news in on Monday, April 21, 2025.
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