Similarly, why do you think value stocks outperformed growth stocks historically? That is, do
The better returns of value stocks reflect risk compensation or corrected mispricing? Do you
Expect this pattern to continue?
Why does DFA care so much about trading? What rules does the firm adopt for its trading
practice? Do you think DFA can maintain its competitive advantage in trading in the future?
How does DFA’s new tax-management business work? What are the costs and the benefits? Is
the tax-managed fund business likely to be successful on a broad scale?
How should DFA manage its strategy going forward? To continue its success, do you think DFA
should make any changes? If so, can you suggest any directions? If not, why?