O’Shaughnessy Asset Management’s White Paper (July 2019)

A Stamford-based asset manager, O’Shaughnessy Asset Management recently released its white paper with the title “The Earning Mirage: Why Corporate Profits are Overstated and What It Means for Investors”. You can download a copy of the letter below. The quantitative money management firm was founded by Jim O’Shaughnessy and it manages around $6.0 billion in assets under management. In the white paper document, the fund presented its research on a new way of identifying the profitability...