White Papers

The Sustainable Active Investing Framework: Simple, But Not Easy

By Wesley Gray, PhD|August 17th, 2015|

Avoiding the Big Drawdown with Trend-Following Investment Strategies

By Wesley Gray, PhD|August 13th, 2015|

From the Frontlines to Finance: How the Marines Shaped Our Investment Philosophy

By Wesley Gray, PhD|May 25th, 2015|

Tactical Asset Allocation: Beware of Geeks Bearing Formulas

By Wesley Gray, PhD|May 19th, 2015|

How to Combine Value and Momentum Investing Strategies

By Jack Vogel, PhD|March 26th, 2015|

Distribution Economics: Understanding Wall Street’s Conflict of Interest Problem

By Wesley Gray, PhD|March 11th, 2015|

An Introduction to Investing and How to Use Our Site

By Wesley Gray, PhD|January 3rd, 2015|

Understanding How ETFs Trade in the Secondary Market

By Wesley Gray, PhD|December 3rd, 2014|

The Robust Asset Allocation (RAA) Index

By Wesley Gray, PhD|December 2nd, 2014|

Mission Impossible: Beating the Market Forever

By Wesley Gray, PhD|November 18th, 2014|

Low-Volatility Investing: Avoid High Beta Stocks. Period.

By Wesley Gray, PhD|October 9th, 2014|

The Quantitative Value Investing Philosophy

By Wesley Gray, PhD|October 7th, 2014|

A Framework for Investment Manager Selection: Stick to the FACTS

By Wesley Gray, PhD|September 16th, 2014|

Our Value Proposition: Affordable Alpha

By Wesley Gray, PhD|September 16th, 2014|

A Simulation Study on Simple Moving Average Rules

By Wesley Gray, PhD|July 28th, 2014|

Momentum Investing: Ride Winners and Cut Losers. Period.

By Wesley Gray, PhD|July 16th, 2014|

How to Build Expected Return Forecasting Models

By Wesley Gray, PhD|July 14th, 2014|

Value Investing: Never Buy Expensive Stocks. Period.

By Wesley Gray, PhD|July 1st, 2014|

Behavioral Finance and Investing: Are you Trying Too Hard?

By Wesley Gray, PhD|May 13th, 2014|

Why ETFs are more tax-efficient than mutual funds

By Wesley Gray, PhD|April 1st, 2014|