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Canterbury Investment Advisors, LLC
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Canterbury Investment Advisors, LLC
Home/Investment Knowledge
Contact Us
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  • Home/Investment Knowledge
  • Contact Us
  • Home/Investment Knowledge
  • Contact Us

205-871-1692

We draw upon research firmly rooted in credible evidence.

We draw upon research firmly rooted in credible evidence. We draw upon research firmly rooted in credible evidence. We draw upon research firmly rooted in credible evidence. We draw upon research firmly rooted in credible evidence.

Services Provided at 300 Office Park Drive

 Suite 230

Mountain Brook, Al 35223     

Registered with the  Alabama Securitie

Co

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205-871-1692

We draw upon research firmly rooted in credible evidence.

We draw upon research firmly rooted in credible evidence. We draw upon research firmly rooted in credible evidence. We draw upon research firmly rooted in credible evidence. We draw upon research firmly rooted in credible evidence.

Services Provided at 300 Office Park Drive

 Suite 230

Mountain Brook, Al 35223     

Registered with the  Alabama Securitie

Co

Book

Video

Registered with the Alabama Securities Commision

My Advice

Markets

  

· The markets are remarkably efficient. You can learn this lesson from me, or the markets may teach you, but be prepared for an expensive tuition bill that comes with that knowledge.

Effciency of the market

  

· Embracing the efficiency of the markets embodies a “never-have-to-say-you are-sorry” philosophy towards investing, which can be pretty liberating.

Display real testimonials

  

· The future remains a mystery, and no one has a crystal ball. Hence, we should heed the wisdom of the Nobel Laureates, individuals I've had the privilege of knowing and respecting.

Never having to say your sorry.

  

· Embracing the efficiency of the markets embodies a “never-have-to-say-you are-sorry” philosophy towards investing, which can be quite liberating.

Share the big news

The future is uncertain, and no one possesses a crystal ball. Therefore, we should listen to the wisdom of Nobel Laureates, whom I have had the privilege of knowing and respecting.  


Provider of Capital

  

· As a provider of capital, you have every right to expect the market return commensurate with the risk you undertake. This mindset allows everyone to thrive under the principles of capitalism, as there’s a positive expected return on capital for all participants.

About Us

Nobel Laureates have help put Investment Science on your side!

We do and have worked with Nobel Laureates to help put the correct portfolios together.

About Us

Our Evidence-Based approach to investing draws on more than 90 years of data and research as well as the work of noted academics and economists.

We use Evidence-Based Investment Theories. Numerous groundbreaking developments in finance have emerged from the academic world, and we actively embrace their innovative ideas to enhance our practices.

We use Evidence-Based Investment Theories. Numerous groundbreaking developments in finance have emerged from the academic world, and we actively embrace their innovative ideas to enhance our practices.

We use Evidence-Based Investment Theories. Numerous groundbreaking developments in finance have emerged from the academic world, and we actively embrace their innovative ideas to enhance our practices.

We use Evidence-Based Investment Theories. Numerous groundbreaking developments in finance have emerged from the academic world, and we actively embrace their innovative ideas to enhance our practices.

We use Evidence-Based Investment Theories. Numerous groundbreaking developments in finance have emerged from the academic world, and we actively embrace their innovative ideas to enhance our practices.

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Profitability

A June 2012 study authored by University of Rochester professor Robert Novy-Marx, “The Other Side of

Marx, “The Other Side of Value: The Gross Profitability Premium,” not only provided investors with new insights into the cross-section of stock returns but also led to the development of new factor models that incorporate a profitability factor.

Novy Marx's Findings

Before unpacking a more recent paper with new insights into how accruals and cash flows can impact profitability, I think it’s important to summarize some of Novy Marx's more fundamental findings on this premium:

• Profitability, as measured by gross profits-to-assets, has roughly the same power as the book-to-market ratio (a value measure) in predicting the cross-section of average returns.

• Surprisingly, profitable firms generate significantly higher returns than unprofitable firms, despite having significantly higher valuation ratios (for instance, higher price-to-book ratios).

• Profitable firms tend to be growth firms—they expand comparatively quickly. Gross profitability is a powerful predictor of future growth as well as earnings, free cash flow, and payouts.



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