Value Investing by Clifford S. Asness (AQR Capital Management, LLC), by Andrea Frazzini (AQR Capital Management, LLC), Ronen Israel (AQR Capital Management, LLC) and Tobias J. Moskowitz (University of Chicago – Booth School of Business) 2. Making Sense Out of Variable Spending Strategies for Retirees by Wade D. Pfau (The American College) 3. China’s Ideological Spectrum by Jennifer Pan (Harvard University – Graduate School of Arts and Sciences) and Yiqing Xu (Massachusetts Institute of Technology (MIT) – Department of Political Science) 4. Expected and Required Returns: Very Different Concepts by Pablo Fernandez (University of Navarra) and Isabel Fernández Acín (University of Navarra) 5. Discount Rate (Risk-Free Rate and Market Risk Premium) Used for 41 Countries in 2015: A Survey by Pablo Fernandez (University of Navarra), Alberto Ortiz Pizarro (University of Navarra) and Isabel Fernández Acín (University of Navarra)