Where are the Cheap Firms?
Energy (mostly oil-related) and consumer discretionary (brick & mortar retailers). Cheap--or at least relatively cheap--based on enterprise multiples.
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.Does “Sharpe Parity” work better than “Risk Parity?”
Strategies employing risk parity have been favored by mutual funds and other market participants the past few years. The attraction of risk parity strategies are [...]
Insights on ETMFs and ETFs from an ETF Service Provider
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Frequent Trading + Optimistic Analyst Recommendations = Significant Misvaluations!
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A Real Life Quant Finance Geek Blog Romance
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Quantitative Value @ $19.99 is Back On!!!
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South Park highlighting the importance of saving money!
The One Factor To Save Them All–Leverage
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An Introduction to Investing and How to Use Our Site
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The Hated. The Feared. The Amazing. The US Treasury Bond.
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The 2014 Asset Allocation Research Recap
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Mutual Fund Replication–Death of Closet Indexers?
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Our Top 5 Geeky Finance Posts for 2014
Friends/Readers: We are calling it quits for the holidays. Most of us have kids and Santa is coming to town! We'll talk quant and educate [...]