Holiday Greetings From Alpha Architect…and Some Investment Advice
On behalf of the entire team at Alpha Architect, have a wonderful and joyous holiday with friends and family. We hope you enjoy our motivated [...]
About Wesley Gray, PhD
After serving as a Captain in the United States Marine Corps, Dr. Gray earned an MBA and a PhD in finance from the University of Chicago where he studied under Nobel Prize Winner Eugene Fama. Next, Wes took an academic job in his wife’s hometown of Philadelphia and worked as a finance professor at Drexel University. Dr. Gray’s interest in bridging the research gap between academia and industry led him to found Alpha Architect, an asset management firm dedicated to an impact mission of empowering investors through education. He is a contributor to multiple industry publications and regularly speaks to professional investor groups across the country. Wes has published multiple academic papers and four books, including Embedded (Naval Institute Press, 2009), Quantitative Value (Wiley, 2012), DIY Financial Advisor (Wiley, 2015), and Quantitative Momentum (Wiley, 2016). Dr. Gray currently resides in Palmas Del Mar Puerto Rico with his wife and three children. He recently finished the Leadville 100 ultramarathon race and promises to make better life decisions in the future.Book Review — Market Timing with Moving Averages
Trend-following is something I've struggled with for years -- always felt like voodoo magic and data-mining. That said, I finally came around to appreciating the [...]
Podcast: The Future of ETFs and ETF Market Making (Wes and Ryan)
Here is a link to our podcast on Behind the Markets. Ryan Kirlin and Wes speak with Reggie Browne, Senior Managing Director of the ETF Group [...]
Podcast: Founding Alpha Architect (Wes)
Here is a link to our recent podcast on Behind the Uniform. I'm so humbled and honored to have Wesley Gray on the show today, talking [...]
Historical Finance Fight: Ben Graham versus H.M. Gartley
Reading really old research is humbling. https://archive.org/ is an awesome place to start. One quickly recognizes that market participants were very savvy way back in the [...]
Academic Research Insight: Diverisification is Not Always a Free Lunch
What Free Lunch? The Costs of Overdiversification Shawn McKay, Robert Shapiro, Ric Thomas A version of this paper can be found here Want to read our [...]
Brandon Koepke: From Disney to Amazon to Wes’ Garage. Ouch.
We wanted to formally welcome the newest addition to the Alpha Architect team, Brandon Koepke ("kep-key"), who joins us as a Computer Systems Analyst. [...]
Academic Research Insight: How Women Affect Corporate Decision-Making
Shaped by their daughters: Executives, female socialization, and corporate social responsibility Henrik Cronqvist, Frank Yu A version of this paper can be found here Want to [...]
Podcast: Alternative Manager Due Diligence (Wes)
Here is a link to our podcast on Behind the Markets. Wes and Jeremy speak with Andy Weisman of Windham Capital Management and Rich Wiggins from [...]
Richard Thaler: Misbehaving His Way to a Nobel Prize!
Unless you live under a rock, you've probably heard that Professor Richard Thaler earned the recent Nobel Prize. (The University of Chicago is on fire these [...]
Academic Research Insight: How to Balance Short and Long term Goals in Asset Allocation
Strategic Asset Allocation-Combining Science and Judgment to Balance Short Term and Long Term Goals Peng Wang and Jon Spinney A version of this paper can [...]
Welcoming Ryan Kirlin, an ETF Expert, to the Alpha Architect Team
We wanted to formally welcome the newest addition to the Alpha Architect team, Ryan Kirlin, who joins us as Head of Capital Markets. Ryan is a [...]
Do Trend-following Managed Futures Increase Safe Withdrawal Rates?
Andrew Miller, a regulator contributor to the blog, is passionate about the intersection of academic finance research and financial planning. We obviously love the academic [...]
What Will We Talk About at the Evidence-Based Investing Conference This Year?
Jack and I will be attending the Evidence-Based Investing Conference tomorrow in NYC. We're excited to participate and be part of the crowd. Be sure [...]
Factor Investing with Factor Expert Lu Zhang
Replicating Anomalies is arguably a "must-read" for anyone who thinks about factor investing and is looking to improve their understanding of the space. Lu Zhang, [...]
Academic Research Insight: Stick to the Fundamentals and Discover Your Industry Peers
Stick to the Fundamentals and Discover Your Peers Jean Overgaard Knudsen, Simon Kold and Thomas Plenborg A version of this paper can be found here Want [...]
Trend-Following: A Deep Dive Into A Unique Risk Premium
Trend-following strategies have historically been laughed at via the modern academic finance research community. Having first-hand knowledge of that community, we can verify that academic [...]
Academic Research Insight: Sentiment Feedback Strength Trading Strategy
Genetic programming optimization for a sentiment feedback strength based trading strategy Steve Y.Yang, Sheung Yin Kevin Mo, AnqiLiu, Andrei A.Kirilenko A version of this paper [...]
Podcast: Factor Replication with Lu Zhang (Wes)
Here is a link to our podcast on Behind the Markets Wes and Jeremy speak with Lu Zhang, The John W. Galbreath Chair, Professor of Finance, at [...]
Replicating Anomalies
Academic research is amazing and incredibly useful for helping us better understand the complex world in which we live. In fact, academic research has literally [...]