"I don't trust the S&P 500 farther than I can throw it," Bill Smead told BI.

2595-2616 (22 pages) We examine industry affiliation and the relationship between stock returns and book‐to‐market equity (the value effect ... Arbitrage risk and the book‐to‐market anomaly. Journal ...

1 In 2024 alone, the pharmaceutical and medicine manufacturing market was estimated to be worth over $1 billion USD, and it is expected to continue expanding to a valuation of over $2.5 billion ...