Wesley R. Gray, Ph.D.

//Wesley R. Gray, Ph.D.

About Wesley R. Gray, Ph.D.

After serving as a Captain in the United States Marine Corps, Dr. Gray earned a PhD, 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 that delivers affordable active exposures for tax-sensitive investors. Dr. Gray has published four books and a number of academic articles. Wes is a regular contributor to multiple industry outlets, to include the following: Wall Street Journal, Forbes, ETF.com, and the CFA Institute. Dr. Gray earned an MBA and a PhD in finance from the University of Chicago and graduated magna cum laude with a BS from The Wharton School of the University of Pennsylvania.

Ben Graham Cigar Butt Hunting–Size Matters

By | 2017-08-18T17:09:28+00:00 December 5th, 2013|Research Insights|

Interesting paper: https://faculty.biu.ac.il/~lauteb/data_794/Ben_Graham.pdf Abstract: The study demonstrates how size controls can alter the outlook of an investment strategy. The Ben Graham net current asset value rule provides excellent excess returns according to traditional performance measures. Size-adjustment procedures, [...]

Predicting Stock Returns with Investor Sentiment

By | 2017-08-18T16:58:51+00:00 November 20th, 2013|Research Insights, Behavioral Finance|

Market participants often claim that investor sentiment matters for stock returns. This premise was formally studied by Malcolm Baker and Jeffrey Wurgler  in their landmark 2006 paper, "Investor Sentiment and the Cross-Section of Stock Returns." [...]

Dissertation Length and Pay: Less is More

By | 2017-08-18T17:06:46+00:00 November 8th, 2013|Uncategorized|

Too bad dissertation length doesn't translate into more pay. History professors would be rich! Source: http://beckmw.wordpress.com/2013/04/15/how-long-is-the-average-dissertation/   Here is my completely non-scientific anecdotal economic analysis of the professor market. History profs make 50-70k. [...]