We Pursue a Simple Mission:

Learn, build,
share, repeat.

We constantly learn more about investing, build disciplined strategies to capture the best of what we've learned, and share our broad findings with other curious investors.

PHILOSOPHY & PROCESS
FOLLOW OUR RESEARCH
PHILOSOPHY & PROCESS
FOLLOW OUR RESEARCH

Value Is Dead, Long Live Value

Value has underperformed since the beginning of 2007, leading some to think Value investing is dead. This paper takes a long look through market history and found another extended period from 1926 to 1941 where Growth outperformed Value, and offers a theory for the connection between the two periods and why the underperformance may be episodic.

The Earnings Mirage: Why Corporate Profits are Overstated and What It Means for Investors

In this piece, Jesse Livermore introduces a new methodology for measuring the profitability and valuation of corporations. In applying the methodology, he encounters a massive discrepancy in corporate capital allocation. To explain the discrepancy, he attempts to show that reported company earnings are systematically overstated relative to reality. After identifying the likely causes of the overstatement, he explores their implications for individual stock selection and overall stock market valuation.

An Ancient Relationship: FinTech and Financial Advice

Few modern professions have lasted as long as the financial adviser, which archaeological evidence in Mesopotamia dates to at least the third millennium BCE. How has this profession lasted so long? The industry’s longevity is largely attributable to financial technology (FinTech), which has historically empowered advisers to better serve their clients.

OSAM at a Glance

12 years Managing client money
$6.0B Assets under management and advisement
17 strategies Our model applied: Micro to Large cap; US to Global
85,241 Stocks studied across six decades of history
Managing client money
Assets under management and advisement
Our model applied: Micro to Large cap; US to Global
Stocks studied across six decades of history

Separate Account Strategies

We build portfolios with significant factor advantages in different style segments, market capitalization ranges, and geographic regions. Our portfolios tend to have low excess return correlation with other active strategies, little overlap with market indexes, and low active costs. We have routinely worked with clients to build custom solutions.

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Our Team -
Consistency, Creativity, and Alignment

Investment success requires constant exploration, disciplined implementation, and skin in the game. We have built a team dedicated to applying our style of investing for the long term, whose interests are aligned with our clients and fellow OSAM colleagues.

OUR TEAM

Owned by 13 principal employees
Our money is aligned with yours: no personal trading, 100% of our Principals are invested in OSAM strategies
Our principals have been with the firm an average of 11 years.
Jim O'Shaughnessy
Principal, Chairman and Co-Chief Investment Officer, Portfolio Manager

Blog & Research

OSAM is committed to conducting interesting new research on markets and sharing our findings with investors. We want to manage money on behalf of committed, long-term investors, which means sharing what we learn. To follow our journey, you can read, listen and watch.

  • July 2019 Value Is Dead, Long Live Value July 2019
  • July 2019 The Earnings Mirage: Why Corporate Profits are Overstated and What It Means for Investors July 2019
  • June 2019 Patrick O'Shaughnessy - The Capital Allocators Podcast with Ted Seides June 2019

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