White Papers

• 

Box Spreads: An Alternative to Treasury Bills?

By Wesley Gray, PhD|May 10th, 2023|

• 

Does Emerging Markets Investing Make Sense?

By Wesley Gray, PhD|June 17th, 2022|

• 

How to Start an ETF? Resources and FAQ

By Pat Cleary|November 16th, 2021|

• 

Value and Momentum Investing: Combine or Separate?

By Jack Vogel, PhD|May 25th, 2021|

• 

How Portfolio Construction Impacts the Reliability of Outcomes

By Jack Vogel, PhD|April 16th, 2021|

• 

A Short Research Library Outlining Why Traditional Stock Picking is Challenging

By Wesley Gray, PhD|December 2nd, 2020|

• 

Value Investing: An Examination of the 1,000 Largest Firms

By Jack Vogel, PhD|August 18th, 2020|

• 

Value Factor Diversification: Is Quality Better Than Momentum?

By Wesley Gray, PhD|June 26th, 2020|

• 

ETF-prenuers: An Introduction to ETF White Label Services

By Wesley Gray, PhD|June 24th, 2020|

• 

What’s the Story Behind EBIT/TEV?

By Ryan Kirlin|May 1st, 2020|

• 

Is Active Investing Doomed as a Negative Sum Game? A Critical Review.

By Geoff Warren|January 2nd, 2020|

• 

Trend Following: The Epitome of No Pain, No Gain

By Wesley Gray, PhD|June 26th, 2019|

• 

Momentum Investing, Like Value Investing, is Simple, but NOT Easy

By Wesley Gray, PhD|September 18th, 2018|

• 

Why you should trust the investment process (even though it’s hard)

By Jack Vogel, PhD|June 21st, 2018|

• 

Do factor portfolios survive transaction costs?

By Jack Vogel, PhD|November 28th, 2017|

• 

Do Portfolio Factors or Characteristics Drive Expected Returns?

By Jack Vogel, PhD|October 31st, 2017|

• 

Reconciling Individual Stock Returns and Factor Portfolio Returns

By Jack Vogel, PhD|October 6th, 2017|

• 

Factor Investing: Evidence Based Insights

By Jack Vogel, PhD|June 22nd, 2017|

• 

The Global Value Momentum Trend Philosophy

By Wesley Gray, PhD|June 6th, 2017|

• 

“Alternative” Facts about Formulaic Value Investing

By Wesley Gray, PhD|April 22nd, 2017|

• 

Factor Investing is More Art, and Less Science

By Wesley Gray, PhD|February 3rd, 2017|

• 

1042 Qualified Replacement Property: An Overview of ESOP Rollover Strategies

By Doug Pugliese|December 28th, 2016|

• 

Commodity Futures Investing: Complex and Unique

By Wesley Gray, PhD|December 21st, 2016|

• 

Creating an Alternative Investment Strategy with Value and Momentum

By Jack Vogel, PhD|July 7th, 2016|

• 

Even God would get fired as an Active Investor

By Wesley Gray, PhD|February 2nd, 2016|

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