How Elm Works Archives - Elm Partners

How Elm Works

Introducing P-CAPE: Incorporating the Dividend Payout Ratio Improves Our Favorite Estimator of Stock Market Returns

June 19, 2024 — The Cyclically-Adjusted Price Earnings ratio, also known as CAPE, has served many investors well - but here at Elm, we think it might be time for an update.

How Elm Works

Sharpe’s Arithmetic and the Risk Matters Hypothesis

December 1, 2023 — Sharpe’s Arithmetic may seem strange at first, but many see it as being one of the main drivers of the massive growth of index investing.

How Elm Works

Victor on the 'What Happens Next' podcast: "How Should I Invest My Money?"

March 30, 2023 — Victor was recently a guest on Larry Bernstein's What Happens Next in 6 Minutes podcast along with their friend and colleague, Myron Scholes.

How Elm Works

Man Doth Not Invest by Earnings Yield Alone: A Fresh Look at Earnings Yield and Dynamic Asset Allocation

February 8, 2022 — Shiller's CAPE ratio is currently higher than it's been for 98% of the past 120 years - that said, it doesn't tell us everything on its own.

How Elm Works

Victor a Guest on Bloomberg's Trillions Podcast: The Road to Index Investing

June 1, 2021 — Victor was recently a guest on Bloomberg's Trillions podcast, discussing everything from his experience in the industry to Elm's expansion.