Alpha Architect 2 for 1 book deal — cheap summer reading!
Readers: We know a lot of you are out on vacation in August and probably having the time of your life (eg., see below). But [...]
Can Investors Replicate the Dorsey Wright Focus 5 ETF Strategy?
A long-time reader asked that we examine the performance and process associated with the Dorsey Wright Focus Five ETF (ticker: FV). For those who are unfamiliar [...]
DIY Asset Allocation Weights: August 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 [...]
Risk Tolerance Assessment for Investment Success
My Introduction to Decision-Making...40 years ago When I attended the Harvard Business School my favorite class was Managerial Economics. It focused on decision making under [...]
Fine Wine is a Fine Addition to Your Investment Portfolio
Here we are in August, a great time to drink--and think--about wine. Of course, as a research-focused finance blog, our angle on wine is a [...]
Evidence-Based Investing Requires Less Religion and More Reason
Technical Analysis: The Market’s Oldest Religion During the 1600s, the Dutch had a large merchant fleet and the port city of Amsterdam was a dominant [...]
Farewell to our Beloved Teammate, Tian Yao
Friends/Readers, Tian Yao, a former student of mine at Drexel, and a long-time member of the Alpha Architect family, is moving on to bigger and [...]
Beware of institutional ownership data from 13F filings!
The core source for institutional ownership data is derived from 13F filings, from a form filed by large asset managers that manage over $100mm in [...]
Stale Performance Chasing: Beware of Horizon Effects
Investors talk a big game when describing how they evaluate mutual funds. They say they consider things like the objectives of the fund, its size, and [...]
Style Momentum in Australia?
Jegadeesh and Titman (1993) popularized a simple idea: "past winners outperform past losers." Post JT, the relative strength, or "momentum anomaly," was forever ingrained in [...]
Recapping the Alpha Architect Team Building Adventure
The Alpha Architect Team & Friends took a trip to the mountains last weekend to conduct a Freedom Hike--Our unique form of team-building. We were [...]
The Folly of Stock Market Forecasting
The idea that one can predict stock market movements is somewhat insane. The major problem with stock market forecasting is the lack of evidence that it [...]
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 [...]
Insights from Army Ranger, Harvard MBA, and All-Around Business Success–Doug McCormick
At first glance, it's not obvious why business principles would be helpful in informing a long-term wealth management strategy. Yet, the world of business provides useful [...]
Behavioral Finance Must See: Thaler’s 2016 Presidential Address
This is a great video to watch over the holiday weekend. Prof. Thaler does a great job walking through behavioral finance/economics. He also has a [...]
Questioning Everything You Knew about Asset Allocation
Is a 100% stock allocation crazy? As long as one addresses their needs for liquidity (as to avoid extracting capital from the markets at bad times) [...]
Backtesting strategies based on multiple signals — Beware of Overfitting Bias!
One of the dangers of being a quantitative investor is that when you see patterns in historical data you might wrongly assume they will repeat. Put [...]
Podcast: Masters in Business with Barry Ritholtz (Wes)
Here is a link to our podcast on Bloomberg's Masters in Business Bloomberg View columnist Barry Ritholtz interviews Dr. Wesley Gray, CEO and CIO of [...]
My Chat with Barry Ritholz
Last week I had the opportunity to sit down with Barry Ritholtz @ http://www.ritholtzwealth.com/. Barry hosts my favorite business/investing related podcast, Masters in Business @ [...]
Stock Market Anomalies and Baseball Cards
I still have a Ken Griffey Jr. Rookie Card. To be honest, I don't even know where the thing is, but I hope it is [...]