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PowerPoint Presentation ©2015 Morningstar, Inc. All rights reserved. Kittikun Tanaratpattanakit Senior Research Analyst Morningstar Research (Thailand) Ltd. Intelligent Financial Planning Decisions 2

• Value portfolios are double-sorted 2×3, value-weighted portfolios based on size and value dimension • Behavioral factors are mean adjusted Motivation Explaining Value Data Results Conclusions Factor

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