My investment research has focused on understanding what drives portfolio outcomes: separating skill from systematic exposures, improving the measurement of business quality, and translating research into implementable investment processes.
Pure Alpha
The Pure Alpha work developed a framework for evaluating active management by decomposing what can be explained by systematic exposures and what remains as differentiated active return.
Free cash flow and quality
A second research stream examined free cash flow as a measure of profitability and quality, including how it compares with earnings-based metrics and how it can be used in quantitative portfolio construction.
Published work
The complete archive is on the Writing page.