To use the methodology of professors Kenneth French and Eugene Fama aimed at the so-called value anomaly. This is the purpose of the Investment Club-CJE FF Invest - liabilities investment fund and non-profit organization created in July by the students of FGV's Consultoria Junior de Economia in São Paulo (CJE).Based on the studies of Fama and French, the educational project Clube de Investimentos-CJE FF Invest has the objective of providing FGV students practical learning on some Finance concepts developed during the undergraduate course in Economics, in particular exposure to 'Value Prize' within the Brazilian stock market, says professor Paulo Tenani, who coordinates the initiative.According to Fama and French, the stocks of companies which are under difficulties tend to have higher returns than the average, which justifies the choice of this type of stock portfolio to be worked with the students. With this, we aim to reinforce in FGV's students the concepts learned in classroom such as diversification, risk factors, systematic and non-systematic risk, Capital Asset Pricing Model (CAPM) and beta, in addition to exposing them to the operational problems of portfolio implementation, management and accountability, he explains. Gabriel Barca, who coordinates the project by CJE along with Matheus Doring, says that investing in stocks of companies under stress is long term, but it has been coming out right. At the present moment, we already have profits that exceed Ibovespa and the IBrX (the two indexes that evaluate the Brazilian stock market). Despite the increased volatility and virtually higher risks, our revenues currently reach 24%, while the IBrX borders 16.8% since the beginning of our investments, for example, says Gabriel, recalling that the good profitability of some stocks compensates the large loss of the investment club with others. As it has already been said, there are risks. However, it was possible to diversify the portfolio in a way that they was balanced, he observes.Concórdia Corretora is the administrator of Investment Club-CJE FF Invest and its portfolio is based on the work carried out by CJE students at one holiday internship of Pragma Patrimônio.  The investors of CJE-FF are all aligned with the educational objectives of the project, and they have been undertaken to maintain investments in the Club during a sufficiently long period of time, says Paulo Tenani. Also according to the professor, the clients of the Club periodically meet with CJE-FGV members to discuss the portfolio's performance, in an accountability process which is part of the pedagogic nature of the program.Fama and the NobelEugene Fama, professor at the University of Chicago, is one of the winners of the Nobel Prize for Economics this year, along with Lars Hansen and Robert Shiller.  The three American economists received the Nobel Prize for the empirical analysis of asset prices - such as stocks, sovereign bonds and estates.According to the statement of the Swedish Academy (institution that pays the homage), understanding the behavior of asset prices is critical to make decisions on savings, real estate acquisitions and national economic policies, which affect the world economy. The bad assets pricing can contribute to financial crisis and, as the recent global recession shows, such crisis can harm the economy as a whole, he warns.Please click here to learn more about FGV's Consultoria Júnior de Economia (page in portuguese).