Articles
    • Date
    • Author
    • Title
    Explaining Stock Returns: A Literature Survey
    By  Jim Davis
    Date: December 20012001-12-01T00:00:00
    Some of the important financial theories underlying the behavior of stock returns are summarized. Results of several empirical studies into these theories are also described.
    The Informational Efficiency of Stock Prices: A Review
    By  Jim Davis
    Date: March 20062006-03-15T00:00:00
    Many studies have discussed whether securities are efficiently priced. The available evidence indicates that professional money managers have not been able to exploit cost-effectively any pricing errors that do occur.
    Update of the Research Underlying Dimensional's Bond Strategies
    By  Eugene Fama
    Date: September 20032003-09-15T00:00:00
    The unpredictability of changes in interest rates has a simple implication that is the basis of Dimensional's bond strategies. Specifically, current prices of discount bonds are good estimates of the prices of bonds with the same maturities one period from now.
    Random Drift and Asset Allocation
    By  David Booth
    Date: July 20092009-07-16T00:00:00
    The unusually strong performance of large cap stocks in the late 1990s is put into perspective. Patterns in the historical returns represent the normal drift of a random walk.
    Active vs. Passive Management
    By  Rex Sinquefield
    Date: October 19951995-10-15T00:00:00
    A transcript of Rex Sinquefield's opening statement in a debate about active vs. passive management with Donald Yacktman at the Schwab Institutional conference in San Francisco, October 12, 1995.
    Is There Still Value in the Book-to-Market Ratio?
    By  Jim Davis
    Date: January 20012001-01-15T00:00:00
    Despite recent arguments to the contrary, there is no evidence of book-to-market ratio (BtM) becoming irrelevant for identifying value stocks. Compared to popular alternatives, BtM is at least as good at producing dispersion in average returns.
    A Different Dimension , Barron's
    Date: February 20142014-02-01T00:00:00
    We are pleased to announce that Eugene Fama has been awarded the Nobel Prize. Professor Fama's groundbreaking work on asset pricing and markets inspired the founding of Dimensional, and his ongoing contributions have guided our investment approach for more than three decades. We extend our congratulations to Gene for this well-deserved recognition and thank him for his profound impact on Dimensional and investors worldwide.