Didier Darcet
12 March 2021

Negative Mass In Finance

Unlike most physicists, value investors should welcome negative mass.

Financial assets carry a mass, just like objects in physics. Some are heavy, others are light, and a few carry a negative mass, a key property for efficient portfolio construction.

Today, the energetic approach tells us more: the expected return of value stock indices outpaces growth indices for the first time in ten years.