Podcast: Thinking in Bets with Annie Duke (Wes)
Here is a link to our podcast on Behind the Markets In this edition of the Behind the Markets Podcast hosts Jeremy Schwartz and Wes [...]
Macroeconomic factors and Tactical Asset Allocation
Macroeconomic Dashboards for Tactical Asset Allocation David Clewell, Chris Faulkner-Macdonagh, David Giroux, Sebastien Page, and Charles Shriver Journal of Portfolio Management, special issue A version of [...]
Who’s Afraid of a Big Bad Bear? Many Investors Shouldn’t be that Concerned
Watching stock prices drop quickly can be terrifying. In late January, every big decline in stock prices was greeted with lots of media coverage, cable [...]
#Women in Finance Know Stuff: A Conversation with Linda Zhang, PhD
This is the first of a new series of interviews with inspiring women in finance, a new initiative we (Elisabetta Basilico and Tommi Johnsen) launched [...]
Retail Short Sellers: Trading Skill or Insider Trading?
Informed retail investors: Evidence from retail short sales Keith Jacks Gamble and Wei Xu Journal of Empirical Finance A version of this paper can be [...]
Are Factors Better and More Diversifying Than Asset Classes?
Executive Summary Factor investing promises outperformance at low cost. But to add value in a portfolio, it must deliver positive risk-adjusted returns and with low [...]
Podcast: Managed Futures and Trend-Following with Dr. Kaminski (Wes)
Here is a link to our podcast on Behind the Markets Wes and Jeremy chat with Katy Kaminski, Visiting Lecturer in Finance at the MIT [...]
Explaining the Value Effect in Emerging Markets
Explaining the Value Effect in Emerging Markets: Tangible vs Intangible Information Douglas W. Blackburn and Nusret Cakici A version of this paper can be found here. [...]
How to Evaluate Multi-Asset Strategies
Evaluating Multi-Asset Strategies K. Stuart Peskin Journal of Portfolio Management, special issue A version of this paper can be found here Want to read our summaries of [...]
Pat Cleary, our CCO, will be at the TradersEXPO in NYC on February 25th
Pat Cleary, our CCO/COO and former Marine Captain, will be giving a keynote on his experience in the military and the applications in running an [...]
Short Sellers Profitably Trade Prior to Credit Rating Agency Announcements
Are Short Sellers Informed? Evidence from Credit Rating Agency Announcements Jian Shi, Junbo Wang, Ting Zhang Journal of Financial Research A version of this paper [...]
Book Review: Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts
Behavioral psychology is going mainstream in American culture, from Michael Lewis’s “Moneyball,” to recent Nobel prizes won by behavioral economics giants Daniel Kahneman and Richard [...]
Time Series Momentum (aka Trend-Following): A Good Time for a Refresh
Similar to some better-known factors like size and value, time-series momentum is a factor which has historically demonstrated above-average excess returns. Time-series momentum, also called [...]
The End of 60/40? The Case for Diversified Value, Momentum, and Carry Risk Exposures
Hobbled by Benchmarks Mike Aked, Rob Arnott, Omid Shakernia, Jonathan Treussard Journal of Portfolio Management A version of this paper can be found here Want to [...]
Podcast: Behavioral Finance and the Future of the Asset Management Business (Wes)
Here is a link to our podcast on Behind the Markets Wes and Jeremy chat with University of Chicago Professor, Sam Hartzmark, and the new [...]
Alpha Architect in Scottsdale AZ Talking ESOP Strategy — Give us a Shout!
Doug Pugliese, the Alpha Architect resident expert on all things ESOP, will be presenting, "Investing the 1042 Rollover," at the NCEO conference Wed and Thurs. I [...]
Most Incredible Quant Finding in Twenty Years!
Photo by Mathew Schwartz on Unsplash Fly Eagles Fly.
Value and Momentum Factors in Fixed Income
Smart beta (or factor investing) seems to be the product du jour in ETFs. There are so many different factor products available that just about [...]
An Inside Look at How ETF Firms are Competing. Hint: Price Isn’t Everything
Morgan Housel had a post on the idea of conflicting skill sets. Morgan makes the following comment: F. Scott Fitzgerald said intelligence is "the ability [...]
Podcast: Fintech and the Investor Education Frontier (Wes)
Here is a link to our podcast on Behind the Markets Wes and Jeremy sit down with Kendrick Wakeman (CEO of FinMason) and David Yates [...]