I became aware of Andrew Ang’s work when I recently listened to him in an interview with Barry Ritholtz on his podcast, Masters in Business (Bloomberg Opinion). I learned a lot about what factor investing is, and it is something I will explore more in depth soon.
I then decided to read more of his work, and it led me to this article published on BlackRock’s site, where he discusses value vs growth investing. I always had this notion that value and growth were complete opposites, but Dr. Ang does an excellent job of disproving this, and showing how the two can work together. Essentially, the ideal investment would contain the growth attributes of quality and positive-momentum (which have shown long-term returns), but is purchased at a price substantially below its intrinsic value (value investing aspect). It was a great read, and I look forward to reading more of his work.
