Quantitative Approaches to Investing

Speece: What do you think about quantitative approaches?

Rogers: I believe people tend to measure what they can see. Quantitative measurements are often misused. It is somewhat like going to a doctor because you have a terrible headache, but the doctor only has equipment to examine your feet. So, the doctor examines your feet thoroughly and gives you a diagnosis but still has not addressed the cause of your headache. Investment analysts use their quantitative tools in a similar way. Far too often, the results have nothing to do with the success of your portfolio.