Podcast appearances and mentions of jack vogel

In this episode, we dive deep into momentum investing, bringing you insights from some of the smartest investors we know. We explore the fundamentals of momentum, breaking down its types and examining the academic research that supports its effectiveness. We discuss why momentum works, looking at behavioral explanations and comparing it to other investment factors. We also share ways to enhance momentum strategies, such as focusing on consistency and combining it with other factors like value and low volatility. Throughout the episode, we play clips from our interviews with experts like Sheridan Titman, Jack Vogel, Harin de Silva, Andy Berkin, Pim van Vliet and Wes Gray, providing you with insights on this powerful but often misunderstood investment strategy. We also address the potential downsides of momentum investing and the challenges of factor timing. We hope you enjoy the discussion. SEE LATEST EPISODES ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://excessreturnspod.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ FIND OUT MORE ABOUT VALIDEA CAPITAL ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.valideacapital.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ FIND OUT MORE ABOUT SUNPOINTE INVESTMENTS ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://sunpointeinvestments.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ FOLLOW JACK Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/practicalquant⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/jack-forehand-8015094⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ FOLLOW JUSTIN Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/jjcarbonneau⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/jcarbonneau⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ FOLLOW MATT Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/cultishcreative⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/matt-zeigler-a58a0a60/⁠⁠⁠⁠⁠⁠⁠

This episode is a recorded discussion from the annual Florida Lay of the Land Conference.  The discussion brought together leaders in consulting forestry, timberland real estate, forest landowners, and the timber industry to discuss the current state of timberland in Florida. Jack Vogel of Natural Resource Planning Services moderated the session, inviting expert panelists Greg Driskell of SVN | Saunders Ralston Dantzler, Wesley Carter of Loncala, Mike Daniel of Robbins Manufacturing, Ken Griner of Usher Land & Timber, and Eric Handley of Usher Land & Timber.Learn more at SVNsaunders.com and LayOfTheLandConference.com.

In this episode, hosts Rachel and Tommy have a conversation with Jack Vogel, Compliance Analyst at NBS on the importance of giving back to our communities. Jack talks about his drive to give back, as well as some of the opportunities he's taken to give back, including his work with Bikers Against Child Abuse (BACA). In this episode, Jack mentions a video on the BACA website that explains the mission of the organization - watch the video on this website: https://bacaworld.org/

Today's returning guests are Alpha Architect's Wes Gray & Jack Vogel.   In today's episode, we kick it off with an update on the ETF white-label business and some of their new funds, BOXX and HIDE.  Then we talk about why you need to think more about taxes when investing, the state of value, why trend-following is timeless, and what the most embarrassing moment in each of our careers. I-was-speechless. Before we get to the episode, Wes' brother was recently on Joe Rogan's podcast and helped Joe get a bunch of reviews, so help Wes compete with his brother and go leave us a review on Apple, Spotify, or wherever you listen to the show! To learn more about their latest offering, visit farmlandlp.com or email them at ir@farmland.com. Resources: Long-Only Value Investing: Does Size Matter? Published articles  ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today's episode is sponsored by Farmland LP. Farmland LP is one of the largest investment funds in the US focused on converting chemical-based conventional farmland to organic, sustainably-managed farmland using a value-add commercial real estate strategy in the agriculture sector. Since 2009, they have built a 15,000-acre portfolio representing over $200M in AUM. Today's episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world's largest institutions, funds, and money managers. Subscribe for free here. ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! 

Our guest this week is Wes Gray. Wes is the CEO, chief investment officer, and founder of Alpha Architect, a Registered Investment Advisor that offers ETFs and works with other RIAs to launch their own ETFs. An accomplished researcher and writer, Wes has authored numerous books on investing and financial topics, including Quantitative Value and Quantitative Momentum. Before founding Alpha Architect, Wes worked in academia and consulted for a family office. Wes' path into finance began at the University of Chicago, where he earned his MBA and Ph.D. and studied under Nobel Prize winner Eugene Fama. Prior to that, Wes served as a captain in the United States Marine Corps. In addition to his MBA and Ph.D., Wes also earned a bachelor's degree in economics from The Wharton School.BackgroundBioTwitter handle: @alphaarchitectAlpha ArchitectQuantitative Momentum: A Practitioner's Guide to Building a Momentum-Based Stock Selection System, by Wesley Gray, Ph.D., and Jack Vogel, Ph.D.Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors, by Wesley Gray, Ph.D., and Tobias Carlisle, LLBActive Investing“Even God Would Get Fired as an Active Investor,” by Wesley Gray, alphaarchitect.com, Feb. 2, 2016.“Has the Stock Market Systematically Changed?” by Wesley Gray, alphaarchitect.com, Sept. 20, 2022.“The Cross Section of Stock Returns Pre-CRSP Data: Value and Momentum Are Confirmed as Robust Anomalies,” by Elisabetta Basilico, Ph.D., CFA, alphaarchitect.com, Nov. 7, 2022.Stock Market/Trend-Following“How I Invest My Own Money: Robust to Chaos,” by Wesley Gray, alphaarchitect.com, June 24, 2022.“Trend Following: The Epitome of No Pain, No Gain,” by Wesley Gray, alphaarchitect.com, June 26, 2019.“Trend-Following: A Deep Dive Into a Unique Risk Premium,” by Wesley Gray, alphaarchitect.com, Oct. 18, 2017.“Does Emerging Markets Investing Make Sense?” by Wesley Gray, alphaarchitect.com, June 17, 2022.Value Investing“Value Investing Live Recap: Wesley Gray,” by Graham Griffin, gurufocus.com, Aug. 25, 2021.“Value Investing: Headwinds, Tailwinds, and Variables,” by Ryan Kirlin, alphaarchitect.com, May 20, 2022.“Value Investing: What History Says About Five-Year Periods After Valuation Peaks,” by Jack Vogel, Ph.D., alphaarchitect.com, Dec. 21, 2021.Behavioral Investing“Terry Odean: Who's on the Other Side of the Trade?” The Long View podcast, Morningstar.com, May 14, 2022.“Behavioral Finance Warning: Humans Love Complexity,” by Wesley Gray, alphaarchitect.com, Aug. 3, 2021.“Individual Investor Behavior: What Does the Research Say?” by Wesley Gray, alphaarchitect.com, July 22, 2022.“Momentum Investing, Like Value Investing, Is Simple, but Not Easy,” by Wesley Gray, alphaarchitect.com, Sept. 18, 2018.Bonds and ETF Investing“Treasury Bonds: Buy and Hold, or Trend Follow?” by Wesley Gray, alphaarchitect.com, Aug. 10, 2022.“Why Advisors (and Family Offices) Should Consider Creating Their Own ETFs,” by Pat Cleary, alphaarchitect.com, Nov. 4, 2022.“ETF Tax Efficiency Isn't Always Efficient,” by Sean Hegarty, alpharchitect.com, Feb. 25, 2022.

Momentum is one of the more challenging factors for investors. Although the long-term evidence that supports it is very strong, many investors have a difficult time understanding why something should be bought just because its price has gone up. We have been fortunate to have some of the most knowledgeable experts on momentum we know on our podcast and we wanted to bring all their expertise together to help all of us better understand momentum. In this episode we combine the insights of Sheridan Titman, Jack Vogel, Harin de Silva, Jason Hsu, Gary Antonacci and Wes Gray and look at why momentum works, how to measure it and the different ways it can be utilized. We hope you enjoy the discussion. ABOUT THE PODCAST Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors. SEE LATEST EPISODES https://www.validea.com/excess-returns-podcast FIND OUT MORE ABOUT VALIDEA https://www.validea.com FOLLOW OUR BLOG https://blog.validea.com FIND OUT MORE ABOUT VALIDEA CAPITAL https://www.valideacapital.com FOLLOW JACK Twitter: https://twitter.com/practicalquant LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094 FOLLOW JUSTIN Twitter: https://twitter.com/jjcarbonneau LinkedIn: https://www.linkedin.com/in/jcarbonneau

VettaFi’s Todd Rosenbluth recaps the recent Inside ETFs conference and explains why bond mutual funds are experiencing outflows. Nate visits with FLX Network’s Jillian DelSignore, industry veteran Phil Bak, Freedom Day Solutions’ Ryan Krueger, Davis Advisors’ Dodd Kittsley, Alpha Architect’s Jack Vogel, Magnifi’s Matt Barley, Charles Schwab’s D.J. Tierney, and MacMillan’s Chris Sullivan.

This year, we're bringing you the entire volume of The Best Investment Writing Volume 5 in podcast format. You'll hear from some of the most respected money managers and investment researchers all over the world.  Contributors:  (2:36) - Campbell Harvey and Michele Mazzoleni, Research Affiliates – Breaking Bad Trends (31:17) - Jack Vogel, Alpha Architect – Value Investing: An Examination of the 1,000 Largest Firms (45:09) - Brian Barish, Cambiar Investors – The Virus Plaguing Value (1:03:55) - Andrew Patterson, Vanguard – The Idea Multiplier: An acceleration in innovation is coming (1:29:25) - Peter Chiappinelli, GMO – The Passive Aggressive Agg, Revisited (1:43:26) - Amie Ko, Research Affiliates – A Quick Survey of “Broken” Asset Classes (2:02:09) - Sean Duffin, Cambridge Associates – Benefits of Global Diversification (2:18:50) - Greg Obenshain, Verdad Advisers – Sales and Distributions: How revenue growth and distributions drive equity returns (2:29:35) - John Pease, GMO – Value: If Not Now, When? (2:48:03) - David Blitz, Pim van Vliet & Guido Baltussen, Robeco – When Equity Factors Drop Their Shorts (3:00:06) - Vineer Bhansali, LongTail Alpha – Diversifying Diversification: Downside Risk Management with Portfolios of Insurance Securities (3:09:50) - Laurence Siegel, CFA Institute Research Foundation – Debunking Nine and a Half Myths of Investing (3:37:35) - Dan Rasmussen, Verdad Advisers – Crisis Investing: How To Maximize Return During Market Panics Click here to listen to Volume 4 Click here to listen to Volume 3 ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today's episode is sponsored by GiveWell. GiveWell searches for the charities that save or improve lives the most per dollar. GiveWell recommends a small number of charities that do an incredible amount of good. Visit Givewell.org and donate before the end of the year and have your donation matched up to $250 when you mention "The Meb Faber Show."

Last year we brought listeners the entire volume of The Best Investment Writing Volume 4, in audio format, right here on the podcast. Listeners loved it, so we're running it back again this year with The Best Investment Writing Volume 5.      You'll hear from some of the most respected money managers and investment researchers from all over the planet.       Enough from me, let's let Jack take over this special episode.      To read the original piece, click here.     -----     Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, visit mebfaber.com/podcast To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com     -----     Today's episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world's largest institutions, funds, and money managers. Join today and get access to quarterly CAPE ratios, an excel quant backtester and the entire research library.

In the podcast, Paul introduces a new Fine Tuning Table that compares different combinations of two equity funds (S&P 500 and Small Cap Value), providing the best way to look at the risk and return implications of combining these two great asset classes. For over 20 years we have produced these tables representing combinations of an equity asset class, or equity portfolio, and different percentages of bonds. The first table (Table 3) we produced many years ago compared the S&P 500 with bonds. Paul points out many ways to use this new table as a learning tool. The lessons focus on the range of returns and risk exposure an investor is likely to experience, as well as the emotional hurdles each combination may create. These tables have been the best educational tool we have to help investors understand the long-term relationship between risk and return. On Friday, Oct. 1, 2021, Paul will make a 60-minute presentation at the AAII Virtual Investor Conference, “20 Things You Should Know About Small Cap Value Funds,” during which he will discuss this new Fine Tuning Table, along with many other important aspects of the small cap value asset class . Paul asks listeners to suggest additional lessons they get from their review of the Table. HE intends to review these responses in preparation for his presentation on October 1. Please send your comments to paul@paulmerriman.com. Paul also discusses the broad range of topics that will be covered at the Conference. Not only will Paul and Chris Pedersen be presenting separate topics, each of them will be on panel discussions. Chris, along with Larry Swedroe and Jack Vogel, will discuss Factor Investing, and Paul, along with Christine Benz and Craig Israelsen, will discuss Retirement Investing. For information on the the AAII Virtual Investor Conference speakers and topics, and to register, go to: https://invest.aaii.com/conference/

In this episode of Voice from the Hills, James Werner introduces co-hosts Dean Rogers and Scott Wimmer who interview Jack Vogel, Ph.D. on a wide range of factor investing concepts. Hosted on Acast. See acast.com/privacy for more information.

There is perhaps no investment factor with more long-term data to support it than momentum. But despite that, its real world usage lags far behind other factors like value. Part of the reason for this is the fact that momentum can be much less intuitive for investors. It is easy for investors to understand why they should buy a stock that trades at a discounted valuation, but it is much more difficult to understand why they should invest in a stock solely because its price has gone up. In this episode, we take a deep dive into momentum investing with Alpha Architect's Jack Vogel. We discuss why momentum works, how it is measured, and some potential ways to enhance the returns of momentum strategies. We also cover the pros and cons of trend following and why the strategy can be so difficult to implement in the real world. We hope you enjoy the discussion. FIND OUT MORE ABOUT ALPHA ARCHITECT Alpha Architect Home - Alpha Architect FOLLOW JACK ON TWITTER https://twitter.com/jvogs02 ABOUT THE PODCAST Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors. SEE LATEST EPISODES https://www.validea.com/excess-returns-podcast FIND OUT MORE ABOUT VALIDEA https://www.validea.com FOLLOW OUR BLOG https://blog.validea.com FIND OUT MORE ABOUT VALIDEA CAPITAL https://www.valideacapital.com FOLLOW JACK Twitter: https://twitter.com/practicalquant LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094 FOLLOW JUSTIN Twitter: https://twitter.com/jjcarbonneau LinkedIn: https://www.linkedin.com/in/jcarbonneau

Hello podcast listeners, Today is a very special episode with Jack Vogel, Phd, CIO/CFO at Alpha Architect. Dr. Vogel conducts research in empirical asset pricing and behavioral finance. He co-authored “DIY Financial Advisor” and “Quantitative Momentum”. He earned his Ph. D. in Finance and MS in Mathematics from Drexel University and his BS in Mathematics and Education from the University of Scranton. In today’s episode we discuss his approach and factor based investing. Enjoy and thanks for the listen!

On this edition of Talk Your Book, we spoke with Alpha Architect's Wes Gray and Jack Vogel about value and momentum strategies and how they developed their investing process. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation.

In this episode, you'll learn:What is factor investing?Which factors have historically performed best?Which factors perform best in bear markets?Should you invest in one or multiple factors at the same time?Ask The Investors: What is the Relative Strength Indicator, and how do I use it? BOOKS AND RESOURCES MENTIONED IN THIS EPISODETweet directly to Jack VogelJack Vogel’s website, Alpha ArchitectJack Vogel’s tool and articles about factor investing.Andrew Berkin’s book, A complete guide to factor-based investing – Read Reviews of this book Sign up to the TIP live event in Los Angeles with Stig and David by emailing stig@theinvestorspodcast.comJoin the Mastermind Group and the TIP Community for the Berkshire Hathaway Annual Shareholder’s Meeting Download your free audio book at Audible.Find the best job candidate at Ziprecruiter.Compare and buy life insurance the easy way with Policygenius.Send money abroad the smart way with Transferwise.Be prepared for the unexpected with AirMedCare Network.Move your business to the cloud with Netsuite.Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.

Inwestowanie jest proste, ale nie jest łatwe -- to maksyma dobrze znana w świecie inwestowania. Owszem, technicznie inwestowanie powinno być proste, nawet bardzo proste, ale niestety ogromną przeszkodą jest nasza psychika i przeszkody jakie kreujemy we własnym umyśle. Wynika to z tego, że inwestowanie zawsze wiąże się z niepewnym wynikiem, nawet jeśli podążamy za najlepszą strategią na świecie.W tym odcinku Jack Vogel z firmy Alpha Architect opowie o kilku różnych anomaliach rynkowych, które nie tylko można zmierzyć i zapisać w formie jednoznacznych reguł, ale i wykorzystać w praktyce.Odcinek ten jest nagrany w języku angielskim i na chwilę obecną niestety nie mogę obiecać kiedy pojawi się jego ewentualne tłumaczenie. Na pocieszenie dodam, że wiele tematów poruszonych dziś z Jackiem pojawiło się i będzie się pojawiać w przyszłości na moim blogu i w podcaście w języku polskim.-- Odmiany momentumMomentum występuje w dwóch odmianach: absolutnym i relatywnym. Nazwy brzmią może groźnie, ale koncepcja jest banalna.Momentum absolutne to momentum obserwowane w odniesieniu do pojedynczego aktywa (np. akcji, indeksu) — jest to tendencja do kontynuowania ruchu cen w zgodzie z trendem.Momentum relatywne to z kolei porównanie dwóch lub więcej aktywów i na tej bazie wybranie najmocniejszego lub najsłabszego aktywa.A jak to wygląda w praktyce? Jeśli weźmiesz sobie na przykład indeks WIG20TR (czyli wraz z dywidendami) za ostatnie 12 miesięcy i okaże się, że jego stopa zwrotu wyniosła więcej niż tak zwana stopa wolna od ryzyka (na przykład lokaty, bony skarbowe), to oznacza trend wzrostowy. Nie musi to znaczyć, że indeks WIG20TR w tym czasie idealnie cały czas szedł w górę, tylko, że wygenerował dodatnią stopę zwrotu. To jest momentum absolutne i mówi, że WIG20TR ma większe szanse na kontynuowanie dodatniej stopy zwrotu w najbliższej przyszłości.Jeśli na indeks WIG20TR nałożysz jeszcze na przykład indeks S&P 500 i okaże się, że za ostatnie 12 miesięcy to on wygenerował większą stopę zwrotu niż WIG20TR, to znaczy że jest to mocniejszy rynek i że są większe szanse na kontynuowanie tego stanu rzeczy w najbliższej przyszłości. To jest właśnie momentum relatywne — mówi, że jeden rynek jest mocniejszy do innego.Strona odcinka: https://systemtrader.pl/038

Investing is simple, but not easy, as Warren Buffett says. And yes -- technically the investment process should be as simple as possible. But does it mean that an average investor should not even think about active investment strategies and entirely rely on a passive portfolio? Which strategy is best to follow? And will it work tomorrow?In this interview, my guest, Jack Vogel from Alpha Architect, talks about many trading topics, including momentum and mean reversion market anomalies.

Inwestowanie jest proste, ale nie jest łatwe -- to maksyma dobrze znana w świecie inwestowania. Owszem, technicznie inwestowanie powinno być proste, nawet bardzo proste, ale niestety ogromną przeszkodą jest nasza psychika i przeszkody jakie kreujemy we własnym umyśle. Wynika to z tego, że inwestowanie zawsze wiąże się z niepewnym wynikiem, nawet jeśli podążamy za najlepszą strategią na świecie.W tym odcinku Jack Vogel z firmy Alpha Architect opowie o kilku różnych anomaliach rynkowych, które nie tylko można zmierzyć i zapisać w formie jednoznacznych reguł, ale i wykorzystać w praktyce.Odcinek ten jest nagrany w języku angielskim i na chwilę obecną niestety nie mogę obiecać kiedy pojawi się jego ewentualne tłumaczenie. Na pocieszenie dodam, że wiele tematów poruszonych dziś z Jackiem pojawiło się i będzie się pojawiać w przyszłości na moim blogu i w podcaście w języku polskim.-- Odmiany momentumMomentum występuje w dwóch odmianach: absolutnym i relatywnym. Nazwy brzmią może groźnie, ale koncepcja jest banalna.Momentum absolutne to momentum obserwowane w odniesieniu do pojedynczego aktywa (np. akcji, indeksu) — jest to tendencja do kontynuowania ruchu cen w zgodzie z trendem.Momentum relatywne to z kolei porównanie dwóch lub więcej aktywów i na tej bazie wybranie najmocniejszego lub najsłabszego aktywa.A jak to wygląda w praktyce? Jeśli weźmiesz sobie na przykład indeks WIG20TR (czyli wraz z dywidendami) za ostatnie 12 miesięcy i okaże się, że jego stopa zwrotu wyniosła więcej niż tak zwana stopa wolna od ryzyka (na przykład lokaty, bony skarbowe), to oznacza trend wzrostowy. Nie musi to znaczyć, że indeks WIG20TR w tym czasie idealnie cały czas szedł w górę, tylko, że wygenerował dodatnią stopę zwrotu. To jest momentum absolutne i mówi, że WIG20TR ma większe szanse na kontynuowanie dodatniej stopy zwrotu w najbliższej przyszłości.Jeśli na indeks WIG20TR nałożysz jeszcze na przykład indeks S&P 500 i okaże się, że za ostatnie 12 miesięcy to on wygenerował większą stopę zwrotu niż WIG20TR, to znaczy że jest to mocniejszy rynek i że są większe szanse na kontynuowanie tego stanu rzeczy w najbliższej przyszłości. To jest właśnie momentum relatywne — mówi, że jeden rynek jest mocniejszy do innego.Strona odcinka: https://systemtrader.pl/038

Investing is simple, but not easy, as Warren Buffett says. And yes -- technically the investment process should be as simple as possible. But does it mean that an average investor should not even think about active investment strategies and entirely rely on a passive portfolio? Which strategy is best to follow? And will it work tomorrow?In this interview, my guest, Jack Vogel from Alpha Architect, talks about many trading topics, including momentum and mean reversion market anomalies.

Ryan Kirlin and Dr. Jack Vogel discuss three articles published on our blog this week. First, we examine a summary by Larry Swedroe that highlights the Betting Against Beta (BAB) factor and dives into two new papers examining when the BAB factor performs well. Second, we discuss a paper titled “The Conservative Formula: Quantitative Investing Made Easy” which uses three well-known factors, (1) low volatility, (2) price momentum, and (3) payout-yield to form a 100 stock portfolio. Last, we examine a paper titled “What’s in Your Benchmark? A Factor Analysis of Major Market Indexes” authored by the BlackRock, Inc. team–they examine common market-capitalization weighted portfolios and break them down into their factor allocations using long-only and investable (1) Value, (2) Momentum, (3) Quality, (4) Size, and (5) Low Volatility portfolios. Links to the post are below for those interested in digging into the details! Video Links/Notes How Leverage Constraints Effect Mutual Fund Risk Taking (discussion of the BAB factor): https://alphaarchitect.com/2018/09/13/how-leverage-constraints-effect-mutual-fund-risk-taking/ The Conservative Formula: Quantitative Investing Made Easy https://alphaarchitect.com/2018/09/11/the-conservative-formula-quantitative-investing-made-easy/ What’s In Your Benchmark? https://alphaarchitect.com/2018/09/10/whats-in-your-benchmark/

Ryan Kirlin and Dr. Jack Vogel discuss three articles published on our blog this week. First, we examine a summary by Larry Swedroe that highlights the Betting Against Beta (BAB) factor and dives into two new papers examining when the BAB factor performs well. Second, we discuss a paper titled “The Conservative Formula: Quantitative Investing Made Easy” which uses three well-known factors, (1) low volatility, (2) price momentum, and (3) payout-yield to form a 100 stock portfolio. Last, we examine a paper titled “What's in Your Benchmark? A Factor Analysis of Major Market Indexes” authored by the BlackRock, Inc. team–they examine common market-capitalization weighted portfolios and break them down into their factor allocations using long-only and investable (1) Value, (2) Momentum, (3) Quality, (4) Size, and (5) Low Volatility portfolios. Links to the post are below for those interested in digging into the details! Video Links/Notes How Leverage Constraints Effect Mutual Fund Risk Taking (discussion of the BAB factor): https://alphaarchitect.com/2018/09/13/how-leverage-constraints-effect-mutual-fund-risk-taking/ The Conservative Formula: Quantitative Investing Made Easy https://alphaarchitect.com/2018/09/11/the-conservative-formula-quantitative-investing-made-easy/ What's In Your Benchmark? https://alphaarchitect.com/2018/09/10/whats-in-your-benchmark/

Last year when we published The Best Investment Writing Volume 2, we offered authors the opportunity to record an audio version of their chapter to be released as a segment of the podcast, and listeners loved it. This year, we’re bringing you the entire volume of The Best Investment Writing Volume 3 in podcast format. You’ll hear from some of the most respected money managers and investment researchers all over the world. Enough from me, let’s let Jack take over this special episode.

Jack Vogel & Corey Philip  The Value of Investing & How to Start EPISODE 29 – October 29, 2018 Today’s episode is with Jack Vogel, the CFO and CIO of Alpha Architect – a quantitative factor-based investing firm. Jack has a PhD from Drexel University and has an interesting mix of knowledge and experience in […]

Host Wesley Gray talks with Jack Vogel, CIO and CFO of Alpha Architect, and Liqian Ren, Ph.D., Portfolio Manager in the Vanguard Quantitative Equity Group, about factor funds and strategies on Behind the Markets. Wharton Professor Jeremy Siegel also gives his take on the recent market activity from last week. See acast.com/privacy for privacy and opt-out information.

In this episode of Behind the Markets host Wes Grey talks factor investing as a strategy with one of the few female portfolio managers in finance. She’ll talk about growing up in a small village in China and how she ended up managing money for Vanguard! Guest: Liqian Ren, Ph.D. - A portfolio manager in the Vanguard Quantitative Equity Group (QEG), where she manages Vanguard's factor funds and conducts research on factor strategies. Jack Vogel - CIO and CFO of Alpha Architect See acast.com/privacy for privacy and opt-out information.

Today I am speaking with Jack Vogel, co-CIO of boutique ETF issuer Alpha Architect. I’ve known Jack for some time now and was particularly excited to bring him on the show for two reasons. The first, which you will quickly learn in the episode, is his near encyclopedic knowledge of investing literature. I’ve met few investors who have both the breadth and depth of recall that he does for both academic and practitioner studies. The second was because he helps manage a momentum strategy. Almost every investor has, at one time or another, at least perused the pages of Graham’s Intelligent Investor and value investing is considered by most to be as wholesome as Warren Buffett drinking a Coca-Cola while eating apple pie. Momentum, on the other hand, is often disregarded as performance chasing nonsense, with little foundation in the realm of real investing. Yet, as you’ll find in our conversation, deep care and thought goes into both understanding the anomaly itself and constructing a portfolio that can efficiently attempt to capture it. I hope you enjoy my conversation with Jack Vogel.

On Episode 11 of Inventing Entrepreneurs we sit down and talk with twin brothers, Keith & Jack Vogel to talk about their construction equipment rental business they founded called RentMi. In this podcast we talk about their issues and roadblocks including scaling, insurance, asset liabilities and more. RentMi is focused on providing a way for companies to rent equipment from each other to help reduce costs, expand capabilities and see income off expensive equipment they purchased but don't use full time. You can check out their site at RentMiWeb.com Please help us out and subscribe on YouTube, iTunes, Stitcher, SoundCloud and leave a review, we appreciate any assistance in getting the word out of the entrepreneurs in the battlefield. iTunes: apple.co/2B9sxtz Stitcher: bit.ly/2EOwV3m SoundCloud: bit.ly/2EP11nu Youtube: https://youtu.be/0Ema3DUHOZ8 Instagram: @InventingEntrepreneurs Hosts: Brian Bischoff: IG @brianinvents John Kappel: IG: @TicketYum

Rob Black talks about Jack Vogel, teachable moments, Bitcoin futures, the tax bill, bubbles, Seattle, and Google Home Max.See omnystudio.com/listener for privacy information.

In Episode 61, we welcome Jack Vogel, CFO/CIO of Alpha Architect, and the partner of Wes Gray, who you may remember as one of our earliest Meb Faber Show guests. After Jack tells us a bit about his background and how he came to be at Alpha Architect, Meb jumps in, starting with "factors" - specifically, the value factor. Meb asks about Jack's value philosophy in general, and how he creates a value portfolio. What follows is a great look at how a professional portfolio manager/asset allocator creates a portfolio. Using quantitative tools, Jack starts by constructing the universe of potential assets to include, keeping in mind scale. Next, Jack applies some forensic accounting in order to exclude certain toxic assets that one wouldn't want in a portfolio. Then, he screens for value. Jack likes using enterprise multiples. Finally, he looks for "quality." These are things like free cash flow, margin growth and marketing stability. Meb then points the conversation toward momentum investing. Jack offers us a general overview first, noting how momentum investing can be really beneficial for value investors. He also makes the point how it's definitely different than growth investing. In discussing creating a momentum portfolio, Jack discusses adding seasonality (which means addressing when to rebalance) and quality. On the topic of quality, Jack gives us a great example of what it means in the context of earnings; it involves two stocks, one of which is flat for an extended period, but then explodes in value in a short amount of time, versus the other that experiences the same growth, but gradually and consistently over the entire period. Which earnings are more "quality"? Jack gives us his thoughts. Next up is Alpha Architect's great tool, Visual Active Share. It's a wonderful way for investors to compare the holdings of an ETF to its benchmark index. Investors can use this to see just how "different" the ETF in question truly is. After all, you don't want to be paying too much in fees for an ETF that's really just a closet index fund. The guys discuss whether there's a particular number for what "good" active share is, as well as the challenge of tracking error as you grow more "different." As usual, there's a great deal more in this episode: Alpha Architect's new value, momentum, trend ETF... A discussion of the state of robos... What new tools Jack and his crew at Alpha Architect are working on now in order to help investors pull back the curtain on various funds... And of course, Jack's most memorable trade - it was the last individual stock he owned, which he now refers to as 'The Titanic.' What was the stock? Find out in Episode 61.

Jack Vogel, Ph.D., conducts research in empirical asset pricing and behavioral finance, and is a co-author of two books: DIY FINANCIAL ADVISOR: A Simple Solution to Build and Protect Your Wealth and QUANTITATIVE MOMENTUM.  His academic background includes experience as an instructor and research assistant at Drexel University in both the Finance and Mathematics departments, as well as a Finance instructor at Villanova University. Dr. Vogel is currently a Managing Member of Alpha Architect, LLC, an SEC-Registered Investment Advisor, where he heads the research department and serves as the Chief Financial Officer and co-CIO. He has a PhD in Finance and a MS in Mathematics from Drexel University, and graduated summa cum laude with a BS in Mathematics and Education from The University of Scranton. http://amzn.to/2kXjWnh 1.  Let’s start with some basic definitions that seem to trip people up. What are the differences between “growth” and “momentum” strategies? 2.  You argue in your book that value and momentum investing are like cousins, or two sides of the same behavioral coin. So why does the idea of momentum investing remain so repulsive to most value investors? Why the religious zealotry in an industry that prides itself on being hyper-rational? 3.  If you’re index fund investor, you’re effectively investing in both value and growth strategies at all times. Why might you be better off with a basket made up of value + momentum instead? 4.  There are so many different ways to slice momentum. What criteria did you find that worked to define the quality of momentum and what were some reasons all momentum isn’t created equally? And where does trend following fit in? Is there any timing information in momentum? 5.  For a concentrated value investor, can adding momentum be as simple as, if individual Stock A and Stock B are on par, pick the one with the strongest relative strength? Or are you in favor of a more diversified approach?  

The guest for this episode is Jack Vogel from Alpha Architect, a quantitative asset management and consulting firm. Jack has published a number of papers on SSRN and also co-authored a couple of books including “Quantitative Momentum: a practitioners guide to building a momentum-based stock selection system”. In our chat with Jack you will hear: Momentum - what is it, what causes it and the different types you need to be aware of How to best apply momentum techniques to a portfolio Why measuring the quality of a trend is so important and how to do it