# 5th Horizon Research Newsletter

Thoughts and research from the team at 5th Horizon, a quant hedge fund based in Littleton, Colorado

Page: <https://rssamplifier.com/5thhorizon-substack-com>  
Feed: <https://rssamplifier.com/5thhorizon-substack-com.md>

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## [What Factor Investing Gets Right](https://5thhorizon.substack.com/p/what-factor-investing-gets-right)

_2025-09-02 · 5th Horizon_

Tommi Johnsen, PhD | Advisory Board Trent Ambler, MSF | Portfolio Manager

## [BONDS ARE BORING. Meet Gold, Digital Gold, Art! and Real Estate](https://5thhorizon.substack.com/p/bonds-are-boring-meet-gold-digital)

_2025-07-10 · 5th Horizon_

As an alternative to Bonds, Gold isn’t the only game in town. Crypto, Real Estate, Carbon Credits and Fine Art are now seen as options for hedging against turmoil in the markets.

## [Is it ever a good idea to buy a Ferrari?](https://5thhorizon.substack.com/p/is-it-ever-a-good-idea-to-buy-a-ferrari)

_2025-07-03 · 5th Horizon_

Trent Ambler, MSF | Portfolio Manager

## [Are US Treasuries Still a Safe Haven?](https://5thhorizon.substack.com/p/are-us-treasuries-still-a-safe-haven)

_2025-05-08 · 5th Horizon_

Tommi Johnsen, PhD | Advisory Board

## [Trump’s Tariffs](https://5thhorizon.substack.com/p/trumps-tariffs)

_2025-04-24 · 5th Horizon_

Tommi Johnsen, PhD | Advisory Board

## [What is Quant?](https://5thhorizon.substack.com/p/what-is-quant)

_2025-03-18 · 5th Horizon_

Merrill Stillwell | Partner and Jon Tesseo | Director - Operations & Research

## [Factor Investing Clearing the Air – Datamining and the Antidotes](https://5thhorizon.substack.com/p/factor-investing-clearing-the-air)

_2025-01-15 · 5th Horizon_

Tommi Johnsen, PhD | Advisory Board Trent Ambler | Portfolio Manager

## [The Delusion of Market Efficiency](https://5thhorizon.substack.com/p/the-delusion-of-market-efficiency)

_2024-11-12 · 5th Horizon_

Markets have potentially become less efficient in recent decades. There are several reasons why this might be the case.

## [What is alpha?](https://5thhorizon.substack.com/p/what-is-alpha)

_2024-09-12 · 5th Horizon_

Tommi Johnsen, PhD | Advisory Board Trent Ambler, MSF | Portfolio Manager

## [Should We Attempt to Time the Market?](https://5thhorizon.substack.com/p/should-we-attempt-to-time-the-market)

_2024-08-08 · 5th Horizon_

Market timing is a dangerous game...

## [Home of the Agentic Pull Request (Sponsored)](https://crawlproof.com/a/liV7Wm6mC7KD)

_2024-08-08 · **Sponsored**_

CLI-first, TUI-ready toolkits and a moshscript installer — join the waitlist

## [The odds of beating the market are 50/50, or so we thought.](https://5thhorizon.substack.com/p/the-odds-of-beating-the-market-are)

_2024-08-01 · 5th Horizon_

Tommi Johnsen, PhD | Advisory Board Trent Ambler, MSF | Portfolio Manager

## [Intro to 5th Horizon](https://5thhorizon.substack.com/p/intro-to-5th-horizon)

_2024-06-12 · 5th Horizon_

An Overview of our Process