How to Crush the CFA Exams On Your First Attempt: Part I
The CFA designation has for long been recognized as the gold standard for investment analysts. But like anything that is worth pursuing, obtaining the charter is no easy task.
Book Blowout for Christmas
Our three quant finance books are up on Amazon at cost ($19.99, 2-day shipping included). If you know someone looking to improve their knowledge of [...]
The Future for Factor Investing May Be Different Than its Backtested Past
We believe there are cause and effect relationships in the world -- and in investing -- that hold true over time. Many are common sense [...]
Risk-Based Explanations for the Momentum Premium
Most of the literature on the momentum factor has focused on behavioral explanations, generally either investor underreaction or overreaction. For example, in his paper “Explanations [...]
Quant Job Available in Chicago
From a friend in the business -- Andrew Carter. I’m hiring for a junior position right now, based in Chicago. It’s a highly quant based [...]
Academic Research Papers and Presentations Galore!
It is that time of year again, the American Finance Association Annual Meeting is underway. The conference is in Philadelphia, starting today (January 5) and running [...]
What’s the Scale of Your ETF Portfolio?
In most industries, whether it be cars, jewelry, food or beverages, some products are built for scale and mass distribution, while others are niche and [...]
Portfolio Rebalancing Research: Momentum and Tolerance Bands
If you are looking for research on stock selection, you're in luck -- the research is everywhere and has arguably been overdone. Get started with Moon [...]
How ETFs Might Affect Financial Markets
We've heard a lot of questions recently from clients and readers regarding how ETFs might affect financial markets. The short answer is "nobody knows." The [...]
See you at the ETF Conference!
Myself, Jack Vogel, and Yang Xu are at the ETF conference the next few days. See below for mugshots. Give us a shout if you are [...]
A really cool paper (and graphic) on ETFs
Zahi Ben-David has an excellent new summary paper on the state of academic research on exchange traded funds with colleagues Rabih Moussawi and Francesco Fanzoni.[ref]We focused on Zahi [...]
Earth to Passive Investors: Lunch is Never Free.
Imagine the following scenario: A strategy that outperforms everything. An ability to scale the strategy at no costs. A beating drum highlighting the infallible logic [...]
Evidence-Based Nutrition
Evidence matters. Consider the history of evidence about the universe. In the days of Ptolemy in 100 AD, a "geocentric" model described the universe, in [...]
Active, Irregular Day in the Stock Market–What Else is New?
A news article from September 29, 2016 -- 100 years ago, today. The lead article of the Evening Star highlights that there was an "active, irregular day [...]
March for the Fallen. Come Join the Alpha Architect Team!
Looking for a great challenge on a Saturday morning on September 24th? Come join some members of the Alpha Architect team and our tribe of friends/clients when we take [...]
Asset Pricing with–and without–garbage.
If you are into consumption-based asset pricing theory and the associated empirical attempts to reconcile the theory with the data from the realized equity premium, garbage is a [...]
DIY Asset Allocation Weights: July 2016
Do-It-Yourself tactical asset allocation weights are posted. Create a free account here if you want to access the site directly. Sign in here if you already have a [...]
DIY ASSET ALLOCATION WEIGHTS: June 2016
Do-It-Yourself tactical asset allocation weights are posted. Create a free account here if you want to access the site directly. Sign in here if you already have a [...]
An Epic Historical Performance Streak: Domestic 60/40
US-centric 60/40 portfolios have knocked it out of the park since 2010. Nearly a 10 percent compound annual growth rate, less than a 7 percent worst [...]
DIY Asset Allocation Weights: May 2016
Do-It-Yourself tactical asset allocation weights are posted. Create a free account here if you want to access the site directly. Sign in here if you already have a [...]