Fascinating insights from ETF industry veteran Eric Balchunas
In the world of ETFs, while there are many people who claim a deep understanding of ETFs, there are few who actually possess it. Eric [...]
About David Foulke
David Foulke is an operations manager at Tradingfront, Inc., a provider of automated digital wealth management solutions. Previously, he was at Alpha Architect, where he focused on business development, firm operations, and blogging on quantitative investing and finance topics. Prior to Alpha Architect, he was involved in investing and strategy at Pardee Resources Company, a manager of natural resource and renewable assets. Prior to Pardee, he worked in investment banking and capital markets roles at several firms in the financial services industry, including Houlihan Lokey, GE Capital and Burnham Financial. He also founded two internet companies, E-lingo, and Stonelocator. Mr. Foulke received an M.B.A. from The Wharton School of the University of Pennsylvania, and an A.B. from Dartmouth College.Book Review — Family, Inc.: Using Business Principles to Maximize Your Family’s Wealth
For many people, navigating the road to long-term family wealth creation can be a challenging process. This is because families, especially young ones, may be [...]
Book Review — Entrepreneurs in the Midst: Stories from Founders, Creators, and Builders
When considering the prospects for an early-stage business, it’s hard to know the right ingredients for success. You might assess the firm's business model, and [...]
Book Review — The Drunkard’s Walk: How Randomness Rules Our Lives
Although randomness is all around us, we often fail to recognize the profound role it plays in our lives. Evolutionary biology and faulty intuition lead [...]
Does Buffett Have Lessons for Systematic Value Investors?
We are fundamentals-based value investors, just like Warren and Charlie, but have chosen to pursue the art of value investing in a slightly different way [...]
Facts, Fiction, and Merger Arbitrage
Investors love to chase after the "next big thing," as investment strategies and styles come in and go out of vogue. The latest object of investor [...]
Not Impossible: A low-cost, tax-efficient, ESOP 1042 rollover strategy
We created this post as a resource for families and their advisors facing tough decisions regarding their ownership in their family business. Many folks approaching retirement [...]
Confusion central: Figuring out the regulatory status of your financial advisor
Quick question: What's the difference between an "advisor," a "financial advisor," an "investment advisor," an "independent advisor," and a "registered investment advisor?" Answer: Uhh...just stop...I'm already confused. [...]
Book Review: The Institutional ETF Toolbox
ETFs are taking over the world. Last year, according to ETFGI, a research firm, ETF net inflows were $372 billion, representing 10% growth versus 2014. [...]
Recreating Asset Bubbles in the Laboratory
Are we in a bubble? It depends on what asset class you’re referring to, whom you ask, and what you mean by “bubble.” We’ve posted [...]
Replicating Private Equity: the Impact of Return Smoothing
Having spent what seems like a lifetime in the financial industry at this point, I've always had this nagging suspicion about private equity (PE): private equity [...]
Book Review: America’s Bank: The Epic Struggle to Create the Federal Reserve
The Federal Reserve is in the news a lot these days, but despite its prominence and importance to the world economy, not many people know [...]
Chasing Returns and Avoiding “Spaghetti against the Wall Fund Companies”
Psychology research suggests that when we make predictions, we suffer from “representative bias,” mistakenly overweight observations that fit a particular narrative, and fail to consider base rate [...]
Money Doctors: Will You Trust Them in a Crisis?
Do you trust your doctor? If you're like most people, chances are good that you do. And why not? What do you know about medicine [...]
Thinking About Corporate Governance In Family-Owned Firms
Families are a basic and universal institution of human society that provide a network of relationships, safety and support, allowing the transmission of values and [...]
A Remarkable View of China’s Official GDP — It’s Not What You Think
A few weeks ago, the WSJ announced that in the third quarter the growth rate of China’s economy had declined to 6.9% -- the lowest [...]
The Secrets of Social Influence: An Interview With Digg and Wharton Professor Jonah Berger
A critical element of being a good investor is understanding human behavior. In this piece we take our focus away from quantitative finance and focus on understanding the [...]
David Dreman on Value Investing and Investor Overreaction
David Dreman is a personal hero of mine. Years ago, I stumbled on his book, “Psychology and the Stock Market: Investment Strategy Beyond Random Walk,” [...]
Cliff Asness Talks Time Dilation and Its Effects On Investing Decisions
Ben Carlson had a great post on Sunday, covering a part of an interview with Cliff Asness in which he discusses a key difference between [...]
Cliff Asness Quick Hits: Smart Beta and Risk Parity
Cliff Asness gave a talk at The Bloomberg Markets Most Influential Summit a few weeks ago, and offered up some discussion of recent market developments, [...]