Huefner, Bernd; Rueenaufer, Marcel; Boesch, Martin - In: Review of Financial Economics 41 (2023) 4, pp. 465-492
Classic value investing à la Graham & Dodd (Security analysis: The classic, McGrawHill, New York, 1934) focuses on selecting stocks that seem cheap relative to their intrinsic value and fundamental quality. We use Bayesian inference to account for a large amount of uncertainty within intrinsic...
