I was expecting to find that the last decade for Quality was somewhat exceptional, but the reality is that there hasn't been a single 120-month period over the last 34 years in which Quality didn't outperform.

"But Quality is expensive," you might retort. Well, history shows that doesn't mean anything going forward https://twitter.com/lhamtil/status/1212907142921031682

For those interested, here are 120-mo rolling excess returns for World Quality, Growth, and Value, for comparison's sake