Savina Rizova
The Architect
Structured and legacy-driven; builds the systems and institutions that last.
Savina Rizova exemplifies The Architect archetype throughout this interview, demonstrating a systematic, rigorous approach to building investment frameworks grounded in durable theoretical foundations. She articulates with precision how Dimensional constructs its investment process layer by layer, from identifying reliable return drivers to portfolio management, trading, and personalized delivery.
“Have a framework ideally a robot framework. I think this is where it all starts when it comes to investing. If you have a robust framework knowing kind of what you can say about marketing, what you cannot say about markets, we inform you how you go about investing.”
“Sure. As you said, I was born in Bulgaria, East Europe in 1981, almost 41 years ago. And at that point, Bulgaria was in a communist regime. In 1989 is when communism ended in Bulgaria. And after that, it started the transition, a very slow and painful transition from communism to capitalism.”
“And those are the companies that typically drag down the performance of small caps. It might suggest there is no size premium. Once you exclude them from the small cap universe, the way we systematically do, you actually get historically a more reliable and larger size premium.”
“Absolutely, yes, we do run price to book price to earnings valuation spreads between value and gravity in the US developed emerging markets on an ongoing basis. That's one of the most popular charts our clients come to us, they ask for updates. Pretty much every Monday recorded. And what you see there is exactly what you described.”
Money Maze Podcast: “The Evolution of Multi-Factor Quant Strategies – With Savina Rizova, Global Head of Research at Dimensional Fund Advisors”
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