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Isaac Chan
is on page 32 of 208
Wait it turns out that this Rolf Banz guy discovered the size factor before Fama & French. No wonder Fama keeps saying that the evidence was smacking him in the face already, and it was just like stabbing in a barrel full of fish.
What's fascinating is that it turns out that apparently, modern research considers the size effect to not be a real effect?! Wtf is a 'real effect'? Gappy cites Alquist et al (2018) (JPM).
— Nov 16, 2025 05:31AM
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What's fascinating is that it turns out that apparently, modern research considers the size effect to not be a real effect?! Wtf is a 'real effect'? Gappy cites Alquist et al (2018) (JPM).
Isaac Chan
is on page 32 of 208
Note 2/2:
... the 1st place lmao.
Not to mention that, take the 3-factor model for example, Fama and French had clear definitions to sort for HML and SMB.
— Nov 16, 2025 05:22AM
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... the 1st place lmao.
Not to mention that, take the 3-factor model for example, Fama and French had clear definitions to sort for HML and SMB.






