Hi Readers/Fans: We are happy to announce that our second book, DIY Financial Advisor, is finally available. For a limited time (and while supplies last) we are selling the book direct for $14.99! ...Continue Reading
Macroeconomic forecasting is incredibly difficult. The results from this paper suggest that the brainpower of the Fed's 100 person economics team can predict 3 to 6 months out with a reasonable degree ...Continue Reading
The recent BlackRock purchase of FutureAdvisor pushed robo advisors to the front page of the business section. But What's Next? We lay out our predictions for the future of robo advisors. We ide ...Continue Reading
We try to buy the cheapest, highest quality value stocks that everyone hates.
Small businesses like Alpha Architect are where the rubber meets the road, helping drive our nation's economic recovery and creating jobs. SBA and our resource and lending partners are proud to see these American entrepreneurship success stories.
There's one thing I am on bullish on, and it's taxes. They're going up
Wes Gray (Wharton, 2002) seeks nothing short of bringing down Wall Street. It's not that he hates bankers or hedge funders, per se. It's just that their model-serving as middlemen between investment products and consumers-is inefficient, outdated and just asking to be disrupted
As it turns out, a number of studies point to ways to assess the value of a stock market. Perhaps the most readable of these is from Wesley Gray and Jack Vogel: "Analyzing Valuation Measures: A Performance Horse-Race Over the Past 40 Years" (Drexel University, January 2012)
We're trying to be more user-friendly and honorable than the traditional kind of dog-eat-dog Wall Street company," he says, explaining that his company is geared around investor education and publicly available research. "That's something that comes form being in the military. It's a humbling thing that translates over.
Alpha Architect's experience working with family offices in the dual role of consultant and investment manager has given us the opportunity to see a lot of indecipherable marketing materials and esoteric investment strategies over the years, neither of which appear to be in the best interest of the investor.
In the end, the evidence suggests that the most effective way to value invest is straightforward: Buy the cheapest, highest-quality value stocks.