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In this episode we answer emails from Katie, Sean, Glen, Anonymous and Kelly. We discuss our matching campaign for the Father McKenna Center (rolled out in Episode 426), the BOXX ETF and the Rorschach test it presents, direct indexing, Risk Parity Chronicles, and the real purpose of Financial Independence and how to win at retirement and life. Links:Father McKenna Center Donation Page: Donate - Father McKenna CenterInterview of Wes Gray about BOXX and other tax strategies: Episode 70: Dr. Wes Gray discusses the unique tax benefits of ETFs and other topics of interest, host Rick Ferri | Bogleheads On Investing PodcastKBWP at Morningstar: KBWP – Invesco KBW Property & Casualty Ins ETF – ETF Stock Quote | MorningstarRisk Parity Chronicles on YouTube: Risk Parity Chronicles - YouTubeThe Life of Catherine McAuley: Catherine McAuleyBreathless Unedited AI-Bot Summary: Money without purpose is just numbers in an account. Financial independence isn't the finish line—it's the starting point of a more meaningful journey.In this deeply personal episode, Frank Vasquez tackles sophisticated investment strategies while unveiling the philosophical underpinnings of his approach to wealth. He examines the tax-efficient BOXX ETF, explaining how it allows investors in higher tax brackets to potentially convert ordinary income into more favorable long-term capital gains. Drawing on insights from Alpha Architect's Wes Gray, Frank positions this strategy within the evolving landscape of personal finance technology, contrasting innovators against those clinging to outdated viewpoints.The conversation shifts to direct indexing—a strategy where investors replicate indices by purchasing individual securities rather than funds. Frank cuts through the marketing hype, offering practical guidance on when this approach makes sense (primarily for those in higher tax brackets) and when it's simply not worth the complexity. His personal experience with property and casualty insurance companies demonstrates selective implementation without paying unnecessary fees.Most powerfully, Frank shares the story that shaped his retirement philosophy—his aunt Sister Francine of the Sisters of Mercy. This "firebrand and hellraiser" ran schools and soup kitchens, challenged the wealthy to contribute more, and built deep community connections. When she died without money or fame, her funeral filled a cathedral with mourners—the ultimate testament to a life well-lived.What's the purpose of saving all that money if not to create meaningful impact? How might your financial independence serve something greater than account balances? Listen and reconsider what truly constitutes "winning at life."Support the show
In this episode of Excess Returns, we dive deep into one of the most complex and pressing issues facing successful investors today: what to do with concentrated stock positions. Whether from employee stock compensation or a major investment win, holding too much of a single stock presents serious tax and diversification challenges. Our guests—Wes Gray of Alpha Architect, Sri Narayan of Cache Financial, and guest host Dave Nadig—break down the innovative solutions that are changing the game. From exchange funds to Section 351 conversions, this is a masterclass in modern wealth and risk management.Topics Covered:The problem with concentrated stock positions and why it's getting worseHow stock-based compensation fuels investor overexposureWhy traditional exchange funds fall short—and how Cache is solving itUnderstanding Section 351 ETF conversions and tax-deferred diversificationThe mechanics behind Cache's NASDAQ 100 and S&P 500 strategiesHow exchange funds work: structure, lockups, and liquidityUsing ETFs to rebalance and solve diversification constraintsReal estate allocations and the 20% illiquid asset requirementCosts, fees, and transparency of the modern exchange fund modelRegulatory and legal perspectives behind the structurePractical advice for advisors and investors with low-basis positionsHow to access, evaluate, and engage with Cache and Alpha Architect solutions
In this episode:The tax advantages of ETFs and how they compare to other investment vehicles.How Section 351 conversions enable tax-efficient transitions from SMAs to ETFs.Potential regulatory risks and what they mean for the future of ETF tax benefits.Additional resources:Read a summary of this episode: https://www.morningstar.com/business/insights/blog/podcasts/big-picture-in-practice/351-conversion-sma-to-etf-white-label-etfCatch up on previous episodes: https://www.morningstar.com/views/podcasts/big-picture-in-practiceSubscribe to our newsletter: https://www.morningstar.com/business/insights/research/big-picture-in-practice-newsletter Questions or ideas? Email us at bigpictureinpractice@morningstar.com.
In this exciting episode, Rodrigo Gordillo, Meb Faber, Corey Hoffstein, and Wes Gray discuss their investment ideas for 2025 and beyond. Each brings three unique ideas to the table, making for a lively and insightful conversation.Topics Discussed• Rodrigo Gordillo discusses the idea of matching the risk of Bitcoin by levering up gold, providing insights on how to achieve an equal risk allocation between Bitcoin and gold• Meb Faber shares his thoughts on the potential of cannabis as an investment and the risks and rewards of bonds in the current financial climate• Corey Hoffstein proposes a complex crypto trade that could potentially yield significant returns but also carries a high risk• Wes Gray suggests a new approach to exchange funds to make them more transparent, easier to manage, and more cost-effective• The group discusses the potential of GameStop and Bitcoin as investments, with differing opinions on their viability• Meb Faber proposes a unique investment strategy based on taking the opposite position of the crowd consensus on Twitter• Wes Gray shares his thoughts on the current state of the energy sector and its potential for future growthThis episode is a must-listen for anyone interested in unique investment ideas and strategies, offering a wealth of knowledge and perspectives from leading financial experts. Tune in to gain valuable insights and prepare for the financial landscape of 2025 and beyond.
Today's guest is Wes Gray, CEO & Co-CIO of Alpha Architect and a strategic advisor to ETF Architect. Wes & I discuss the Cambria Tax Aware ETF (TAX), which aims to achieve a tax-efficient investment return consisting of capital appreciation while emphasizing low dividend distributions. We also break down the 351 to ETF contribution process and how investors can transition their low-basis investments into the ETF structure tax-efficiently. (0:40) Welcome to Wes Gray (6:20) Section 351 (20:15) Tax aware investing (27:49) The impact of dividends on tax efficiency Resources: Show Notes: https://www.themebfabershow.com/episodes/X7iN68AkO9u The Cambria Tax Aware ETF (TAX) https://cambriafunds.com/tax Introduction to the 351 ETF Exchange https://www.cambriainvestments.com/wp-content/uploads/2024/10/2024-Introduction-to-the-351-ETF-Exchange-Cambria.pdf Are you interested in learning more? https://www.cambriainvestments.com/tax/ Wes Gray and Bob Elwood's episode in February 2024 https://www.themebfabershow.com/episodes/p3V43ySa2El To determine if this Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors, charges and expense before investing. This and other information can be found in the Fund's full or summary prospectus which may be obtained by calling 855-383-4636 (ETF INFO) or visiting our website at www.cambriafunds.com. Read the prospectus carefully before investing or sending money. The Cambria ETFs are distributed by ALPS Distributors Inc., 1290 Broadway, Suite 1000, Denver, CO 80203, which is not affiliated with Cambria Investment Management, LP, the Investment Adviser for the Fund. Investing involves risk, including potential loss of capital. Cambria does not provide tax advice, please consult your tax professional for tax advice. TAX: There is no guarantee that a Fund will achieve its investment goal. Investing involves risk, including the possible loss of principal. The Fund will invest in stocks that have lower dividend distributions, which are generally taxed as ordinary income. The Fund's tax aware strategy may reduce an investor's taxable income from the Fund but will not eliminate it. Even though a tax aware strategy is being used, it may not reduce the amount of taxable income and capital gains distributed by the Fund to shareholders, or the amount of Fund distributions that are taxable at ordinary income rates. Narrowly focused funds typically exhibit higher volatility. Diversification may not protect against market losses. TAX is actively managed. Learn more about your ad choices. Visit megaphone.fm/adchoices
Wes Gray, founder of Alpha Architect, joins the show to explore the evolution from traditional stock picking to data-driven quantitative investing. Listen now and learn: Why even a perfect stock-picking strategy can still fail during market downturns The power of factor investing and how it systematically enhances portfolio returns A critical perspective on investing in emerging markets and private equity Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions. [0:30] From Stock Picker to Quant: Wes Gray's Investing Journey [8:39] The Efficient Market Hypothesis and the Reality of Active Investing [12:29] Factor Investing Explained [19:31] Why Value Investing Has Struggled [29:54] The Role of Momentum in a Portfolio [33:36] A Critical Look at Emerging Markets and Private Equity
Two Quants and a Financial Planner | Bridging the Worlds of Investing and Financial Planning
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/
Dr. Wes Gray is the CEO of Alpha Architect. Our topic of discussion for this podcast is exchange-traded funds (ETFs) and their unique tax benefits. Wes is an author, portfolio manager, United States Marine, Iraq War vet, and former professor of finance at Drexel University. He earned an MBA and a Ph.D. in finance from the University of Chicago, where he studied under Nobel Prize Winner Eugene Fama. The Bogleheads on Investing podcast is hosted by Rick Ferri, CFA, a long-time Boglehead and investment adviser. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free forum at Bogleheads.org, and the wiki site is Bogleheads® wiki. Since 2000, the Bogleheads' have held national conferences in major cities nationwide. There are also many Local Chapters in the US and even a few Foreign Chapters that meet regularly. New Chapters are being added regularly. All Bogleheads activities are coordinated by volunteers who contribute their time and talent. This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated.
On episode 119 of Ask The Compound, Ben Carlson and Duncan Hill are joined by Wes Gray, the CEO and CIO of Alpha Architect to discuss moving to pay less taxes, building mental toughness instead of diversifying, the best way to diversify away from value, and much more! Submit your Ask The Compound questions to askthecompoundshow@gmail.com! Thanks to Rocket Money for sponsoring this episode! Visit https://www.rocketmoney.com/ATC and cancel your unwanted subscriptions today!
-Follow Wes on X @alphaarchitect -Learn more about the BOXX ETF at: https://etfsite.alphaarchitect.com/boxx/ -Learn about Wes's story, creating an ETF, and more on The Business Brew at: https://open.spotify.com/episode/2Xtn5YD0d4TeYUSB3lbORDbo -Learn more about Alpha Architect at: https://etfsite.alphaarchitect.com/ The Trade Busters provides actionable ideas to take your option trading to the next level. Through our educational podcast and instructional spreadsheets, we aim to empower the everyday retail trader. Discover unique ways of thinking through sizing, risk and leverage in your option strategies. -View strategy mechanics, tradelogs and more at the trading page: https://www.thetradebusters.com -Follow me on X @TheTradeBuster -The Trade Busters Discord server is now live! Send me an email if you would like to join. **Everything discussed on this podcast is for informational purposes only and not to be construed as financial advice.
Wes Gray, the Alpha Architect himself, stops by the Business Brew to discuss how he (a) created the ETF $BOXX, (b) helps people start their own ETFs, (c) why value and momentum work as factors, and much more. This episode is a quick release after Corey Hoffstein's. It may or may not be the only episode we release for the next 13 days or so. The release cadence is influenced by the amount of press BOXX has been getting. We hope to add to your understanding. As always, do your due diligence! Sponsor Info: Daloopa is founded by a former hedge fund analyst to bring simplicity into the investment process. Daloopa offers an AI driven single source for all company reported data, and allows for investment teams to make the most informed decisions in the shortest amount of time. Daloopa scales the velocity of an investment team's idea gen. Analysts spend less time locating and manually inputting meaningful disclosures into Excel and more time synthesizing in the minutes after the print. Daloopa captures data from all company reported sources, including from footnotes, MD&As, and investor presentations. Daloopa's data sheets include GAAP to non-GAAP adjustments, guidance, and all company specific KPIs. Each datapoint is auditable to the source for easy verification and accuracy. Daloopa's Excel plugin can also update your existing models for the latest quarter in just a single click. Bulge-bracket banks and major multi-managers are trusting Daloopa for use in initiating coverage, building and maintaining industry dashboards, and keeping their models up to date. Visit Daloopa.com/BusinessBrew to create a free account and learn more about how Daloopa can help increase your team's speed to differentiated insight.
Today's returning guest is Alpha Architect's Wes Gray, and he's joined by Bob Elwood, a business lawyer with a focus on investment funds. Wes and Bob just helped complete a separately managed account to ETF conversion of $770 million, so we had to get them on the show to walk through the process! They walk through the process of doing an SMA to ETF conversion via Section 351 from start to finish. They share some of the more nuances involved in the process and answer some common questions they hear over time. While the most popular ETF story so far this year is the Bitcoin ETF, this is arguably a bigger long-term story and a trend to watch in the next few years. (1:39) - Welcome to our guests, Wes Gray and Robert Elwood; Wes' prior appearances on the show: how to launch an ETF, 2023 Radio Show, 2021 Radio Show (2:11) - Update on Alpha Architect (2:59) - Overview of converting SMAs to ETFs via Section 351 (13:58) - Mutual fund to ETF conversions versus separate account to ETF conversions (19:34) - Weighing the advantages and disadvantages of SMA to ETF conversions (26:01) - Is Your Alpha Big Enough to Cover Its Taxes? A 25 Year Retrospective (26:35) - The case for the tax-free conversion of SMAs into an ETF via Section 351 (34:35) - Alpha Architect's connection to former Presidential candidate Vivek Ramaswamy (36:37) - Esoteric examples of SMA to ETF conversions (38:06) - When does it not make sense to do a conversion? (43:23) - The future of Alpha Architect Learn more about Bob and Wes: ETF Architect; Alpha Architect ----- 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 ----- Sponsor: Today's episode is sponsored by YCharts. YCharts enables financial advisors to make smarter investment decisions and better communicate with clients. Visit YCharts to start your free trial and be sure to mention "Meb" for 20% off your subscription (new clients only). Sponsor: 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. Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok ----- 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! Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode, we are joined by Wes Gray, founder of Alpha Architect and ETF Architect. We cover his biggest lessons from growing the businesses from a startup to over $5 billion in assets. We also discuss the rapid growth of ETFs and ETF Architect's mission to help firms launch them. And we get Wes' take on a variety of issues related to factor investing including the struggles of value in the past decade, how to tell when a factor no longer works, the evolution of his strategies over time and the pros and cons of sector neutral value investing. We hope you enjoy the discussion. SEE LATEST EPISODES https://www.validea.com/excess-returns-podcast FIND OUT MORE ABOUT VALIDEA https://www.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
In this week's episode, Patrick and Kevin welcome the founder of Alpha Architect, Wes Gray to the show to talk about his unusual career path, what it was like studying under Dr. Eugene Fama and explore his fascinating new product – the BOX ETF. *Got questions for Kevin and Patrick? Submit your questions to: nostupidquestions@markethuddle.com Visit our merch store!!! https://www.themarkethuddlemerch.com/ To receive our emails with the charts and links each week, please register at: https://markethuddle.com/
In today's episode, we host Wes Gray, CEO of Alpha Architect. Founded in 2010, Alpha Architect is a research focused quant firm that put themselves on the map offering value and momentum factor exposures, but it doesn't stop there. Wes and his group have evolved to offer advanced tax strategies in the form of ETF's, separately managed accounts (SMA's), and ETF white-labeled services. Wes has an incredible bio that starts with humble beginnings growing up on a ranch. He later becomes a Captain in the US Marine Corps followed by earning his MBA & PhD studying under Nobel Prize Winner Eugene Fama at the University of Chicago. This episode is centered around investments and tax minimization, starting with why Wes moved to Puerto Rico a few years ago. We discuss his bio and his mission for Alpha Architect & ETF Architect. We focus the rest of the episode on tax efficiency for asset owners, starting with white labeling ETF's, creative conversions to ETF's, whether direct indexing is currently oversold, post ESOP investment strategies, box spreads as an alternative to T-Bills and more. Hosting today's episode is myself Steve Curley, CFA & guest host Frank Garcia, CFA. Please enjoy the episode. Follow us on Twitter & LinkedIn. Social Media: LinkedIn Post (and Facebook): New episode w/ Wes Gray, CEO of Alpha Architect, hosted by Steve Curley, CFA & Frank Garcia, CFA. *PR Act 60 (Preferred Tax Status for Puerto Rico Residents) *Bio/Mission if Alpha Architect & ETF Architect *White labeling ETF's & creative ETF conversions *Direct indexing, oversold? *Box spreads as an alternative to T-Bills *Post ESOP investment strategies Enjoy! Insert link here Twitter Post: New episode w/ Wes Gray, CEO of Alpha Architect & ETF Architect. We discuss everything tax, from PR Act 60, to his firm's mission & focus on tax efficient investments, white labeling ETF's, creative ETF conversions, direct indexing being oversold, box spreads instead of T-Bills & more. Show Notes: Alpha Architect: https://alphaarchitect.com/about ETF Architect: https://etfarchitect.com/ Box spreads: https://alphaarchitect.com/2023/05/box-spreads-an-alternative-to-treasury-bills/ March for the Fallen: https://alphaarchitect.com/mftf/ Democratize Quant: https://alphaarchitect.com/democratizequant/ How to Start an ETF: https://alphaarchitect.com/2021/11/how-to-start-an-etf-resources-and-faq/
Clay Finck chats with Wes Gray all about momentum investing, how retail investors can utilize a momentum strategy, and much more!Dr. Gray earned an MBA and a PhD in finance from the University of Chicago where he studied under Nobel Prize Winner Eugene Fama.IN THIS EPISODE, YOU'LL LEARN: 00:00 - Intro04:06 - How Wes looks at the world of investing differently with his academic background.06:48 - Whether just owning the S&P 500 gives investors enough international exposure or not.09:42 - What momentum investing is and why it works.30:14 - How retail investors can utilize a momentum strategy.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out Wes' website, Alpha Architect.Check out Wes' research.Wes' book, Quantitative Momentum.Wes' book, Quantitative Value.Wes' book, DIY Financial Advisor.Related Episode: Listen to MI126: A Rational Approach to Investing w/ Tobias Carlisle, or watch the video.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Robert and Rebecca's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Instead of trying to time the market or pick single stocks, automate your investments and invest in a variety of companies with Betterment.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Partner with a specialized agency focused on making insurance as easy as possible for real estate investors. Take advantage of monthly reporting, monthly billing, and coverage for all phases of occupancy with National Real Estate Insurance Group.Enjoy soft, stretchy bottoms that last forever with birddogs. Use promo code INVESTING and get a free Yeti-style tumbler with every order.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Support our free podcast by supporting our sponsors.Connect with Wes: Website | LinkedIn | TwitterConnect with Clay: TwitterHELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this episode, Brock speaks with Wes Gray. Wes is a former Marine intel officer and currently the founder and CEO of alpha architect. This episode might double as an intro to financial markets. We talk about what quantitative investing is, and how that differs from the famous stock pickers, like Warren Buffett. We talk about systems based thinking, where and why that's relevant. And we also talk about the future of investing and how to use our strengths to best play into that. Episode Resources: Alpha Architect website Notes: (01:21) - What Wes is most proud of (04:02) - What you do after school and the benefits of being young and dumb when it comes to work (11:06) - Most impactful experience from the Marines (14:59) - System 1 and 2 Thinking (22:42) - Personal finance advice for young service members (28:42) - Wes' first stock and getting started investing (33:32) - Quantitative investing introduction (42:01) - Macro and technology risks to quant investing (48:16) - Relationship between value and momentum (54:02) - Why all investing is front running (01:00:12) - Popularity of quant investing and what the next 5-10 years look like (01:06:49) - Starting Alpha Architect (01:12:51) - Entrepreneurship and the doors it opens to new adventures (01:18:57) - Building ETF Architect and sources for business today (01:28:03) - Twitter Q&A The Scuttlebutt Podcast - The podcast for service members and veterans building a life outside the military. The Scuttlebutt Podcast features discussions on lifestyle, careers, business, and resources for service members. Show host, Brock Briggs, talks with a special guest from the community committed to helping military members build a successful life, inside and outside the service. Get a weekly episode breakdown, a sneak peek of the next episode and other resources in your inbox for free at https://scuttlebutt.substack.com/. Follow along: • Brock: @BrockHBriggs • Instagram: Scuttlebutt_Podcast • Send me an email: scuttlebuttpod1@gmail.com • Episodes & transcripts: Scuttlebuttpodcast.co
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!
Jason Hartman is joined by Wesley Gray, CEO of Alpha Architect for a fascinating discussion on inflation hedges and future scenarios for commodities and crypto. How should we allocate risk right now? Why is crypto performing so poorly? Are we truly becoming a Banana Republic that does not end well? Jason and Wesley discuss a few things that you should always consider including keeping your tax rates down as much as possible. Fees and taxes are things you can often control, whereas we can't control what the economy or inflation is going to do. And why is crypto doing so poorly when it should, at least in theory, be the inflation hedge asset? Where's Michael Saylor? Isn't Bitcoin digital gold? Without a military behind it, will cryptocurrencies ever be truly viable? Key takeaway: 0:28 Welcome Wesley Gray, CEO & Co-CIO, Alpha Architect – Empowering investors through education 1:31 How do we allocate risk? 3:17 What assets should you be owning right now? Stocks, commodities? 6:24 Controlling your tax rates 7:49 Will we see incredibly high interest rates needed to tame inflation? 8:31 We are becoming a Banana Republic and it won't end well 10:05 Alpha Architect investment philosophies 11:38 Following trends in crypto, bonds & stocks 13:19 Why is crypto doing so poorly right now? 15:00 Ponzi schemes backed by military 16:07 The ability to inflict violence is what makes the world run 16:50 Freedom in Iraq vs Freedom in the US 18:03 Learn more and check out Wesley's blog at AlphaArchitect.com and follow on Twitter! @alphaarchitect Wesley R. Gray, Ph.D. CEO & Co-CIO, Alpha Architect After serving as a Captain in the United States Marine Corps, Dr. Gray earned an MBA and a PhD in finance from the University of Chicago where he studied under Nobel Prize Winner Eugene Fama. Next, Wes took an academic job in his wife's hometown of Philadelphia and worked as a finance professor at Drexel University. Dr. Gray's interest in bridging the research gap between academia and industry led him to found Alpha Architect, an asset management firm dedicated to an impact mission of empowering investors through education. Wes has published multiple academic papers and four books, including Embedded (Naval Institute Press, 2009), Quantitative Value (Wiley, 2012), DIY Financial Advisor (Wiley, 2015), and Quantitative Momentum (Wiley, 2016). Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
Optimizing Returns | Dr. Wes Gray | Episode 67 Podcast Mentions: FREE Download chapter one of the Financial Freedom Blueprint to learn how to stay ahead of the herd. Visit http://www.pathtorealwealth.com Schedule a call and free portfolio review http://www.wealthnetinvestments.com Alpha Architect: https://alphaarchitect.com/ ETF Architect: https://etfarchitect.com/ This week's encore episode of The Market Call Show is with Dr. Wesley Gray. His military service and PhD in Finance from the University of Chicago, have each influenced his views on the markets in interesting and dynamic ways. His experience has paved the way to his solid momentum investment strategy and success. We chat about real world investing and our shared philosophies on the best ways to design your portfolio strategy. Why you need a "money doctor" Wes' philosophy on assessing risk tolerance and the perfect portfolio The 3 Bucket System
VettaFi's Tom Hendrickson discusses the latest Bitwise/VettaFi Benchmark Survey of Financial Advisor Attitudes Toward Crypto Assets. Dimensional's Wes Crill offers perspective on the growth of their ETF business, mutual fund to ETF conversions, value investing, and more. Alpha Architect's Wes Gray explains their white labeling service and spotlights two recent ETF launches.
in this episode we get down 2 earth with Hamilton native wes gray a young artist on the rise in the Canadian Hip hop scene https://youtube.com/@Down2earthpodcast
This week's guest is Perth Tolle, the founder of Life + Liberty Indexes and creator of the Freedom 100 EM Index (FRDM index). This freedom-weighted equity strategy is the first of its kind and uses personal and economic freedom metrics as primary factors in its investment process. Doug and Greg chat with Perth about how/why she came up with the ETF, how the strategy performs vs. the market cap-weighted benchmarks, the risks of autocracies, China's role/exposure, ESG, and more. Key Takeaways [00:23] - About Perth Tolle [01:02] - The Freedom 100 Emerging Markets ETF (FRDM) [05:34] - Perth's experience in China shaping her ideals [06:16] - Autocracy risks for emerging market investors [10:38] - The investment idea behind emerging markets [12:21] - What is freedom weighting? [12:56] - Human Freedoms Index: Civil, Political, Economical [14:00] - Composite Country Scores [14:47] - Taiwan is the #1 freest merging market [15:29] - Direct vs. indirect allocation/exposure to China [19:39] - Freedom metrics performance in non-COVID environments [21:12] - Why Perth launched the ETF [24:51] - Perth's partnership with Wes Gray & Alpha Architect [28:35] - Excluding China from an emerging markets cap-weighted index [30:01] - What's next for Life + Liberty Indexes? [31:50] - The politicization of ESG Quotes [12:06] - “We believe that the freer markets will experience more sustainable growth, they'll recover faster from drawdowns, and they'll use their capital labor more efficiently. So not only do we want to exclude the autocracies and stay away from that autocracy risk, but we want to give a higher weight to freer markets, which we think are launch paths for the growth stories of the next decade.” - Perth Tolle [17:28] - “If you're looking at these index providers putting between 20 and 40% of an allocation to a single country that's ranking near the bottom from a freedom perspective…that seems like a pretty high risk to me.” - Doug Stokes Links Perth Tolle Life + Liberty Indexes The Freedom 100 Emerging Markets ETF (FRDM) China's 1 Child Policy Cato Institute Fraser Institute Human Freedom Index & Data Set Alpha Architect Dr. Wes Gray Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.
Got an idea for an exchange-traded fund but don't want to deal with the logistics? A group of “white label” ETF issuers are in the business of helping people launch their own fund—and business is booming. These issuers have minted more than 100 ETFs this way—for both big asset managers and entrepreneurial individuals simply passionate about an idea. On this week's episode of Trillions, we speak to the “big three” of ETF white labels: Garrett Stevens, chief executive of Exchange Traded Concepts, Mike Venuto, chief information officer and co-founder of Tidal, and Wes Gray, president of Alpha Architect. Topics include how they got started, how they vet new ideas, the launch of which they're most proud and what next year holds. The last includes Goldman Sachs Group's entry into the business and a potential wave of mutual fund to ETF conversions.See omnystudio.com/listener for privacy information.
Got an idea for an exchange-traded fund but don't want to deal with the logistics? A group of “white label” ETF issuers are in the business of helping people launch their own fund—and business is booming. These issuers have minted more than 100 ETFs this way—for both big asset managers and entrepreneurial individuals simply passionate about an idea. On this week's episode of Trillions, we speak to the “big three” of ETF white labels: Garrett Stevens, chief executive of Exchange Traded Concepts, Mike Venuto, chief information officer and co-founder of Tidal, and Wes Gray, president of Alpha Architect. Topics include how they got started, how they vet new ideas, the launch of which they're most proud and what next year holds. The last includes Goldman Sachs Group's entry into the business and a potential wave of mutual fund to ETF conversions.See omnystudio.com/listener for privacy information.
How do you launch an ETF? What is the process? What are the compliance considerations? How do you market your own fund? What are the costs involved with launching your own fund? Wes Gray of Alpha Architect joins Jay Coulter on this episode of The Resilient Advisor to breakdown all of these questions. If you have ever considered launch an ETF, this is the show for you! SHOW SPONSOR: The Independence Incubator from Resilient Advisor. Discrete and proven guidance to finding independence. Learn more: https://www.independenceincubator.com Connect with Wes Gray and Alpha Architect: Website: https://alphaarchitect.com Twitter: https://twitter.com/alphaarchitect YouTube: https://www.youtube.com/channel/UCAAsCF_TbSpAjNBplgkPAfw/featured About Wes Gray: After serving as a Captain in the United States Marine Corps, Dr. Gray earned an MBA and a PhD in finance from the University of Chicago where he studied under Nobel Prize Winner Eugene Fama. Next, Wes took an academic job in his wife's hometown of Philadelphia and worked as a finance professor at Drexel University. Dr. Gray's interest in bridging the research gap between academia and industry led him to found Alpha Architect, an asset management firm dedicated to an impact mission of empowering investors through education. He is a contributor to multiple industry publications and regularly speaks to professional investor groups across the country. Wes has published multiple academic papers and four books, including Embedded (Naval Institute Press, 2009), Quantitative Value (Wiley, 2012), DIY Financial Advisor (Wiley, 2015), and Quantitative Momentum (Wiley, 2016). Dr. Gray currently resides in Palmas Del Mar Puerto Rico with his wife and three children. Follow Financial Advisor TV™ on Social: YouTube: https://www.youtube.com/c/FinancialAdvisorTV Twitter: https://twitter.com/finadvisortv TikTok: https://www.tiktok.com/@financialadvisortv Facebook: https://www.facebook.com/financialadvisortv LinkedIn: https://www.linkedin.com/company/financialadvisortv Instagram: https://www.instagram.com/financialadvisortv Learn more about Financial Advisor TV™: http://www.financialadvisor.tv Produced by Resilient Digital Media © Financial Advisor TV, LLC. All Rights Reserved
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.
Welcome to The Creating Wealth Show where rents in suburbia are higher than rents in cities and the Fed wants to see you unemployed! Think we're kidding, right? Think again! You couldn't make up fiction this good if you tried! Jason Hartman takes you through the latest news stories and predictions affecting the economy and is joined by Wesley Gray, CEO of Alpha Architect for a fascinating discussion on inflation hedges and future scenarios for commodities and crypto. Last Friday, the Bureau of Labor Statistics reported over 200K new jobs were added in September. Sounds like great news for the economy and people in general, right? Strangely, it runs directly counter to what the Federal Reserve wants to see; they don't want to see the unemployment rate fall, they don't want to see you have a job. They want to see you unemployed. That low unemployment rate has to be driving the Fed nuts! Americans working and spending money is something they don't want to see, as they have forecasted a recession next year, and are looking for the unemployment rate to reach 4.4%. How should we allocate risk right now? Why is crypto performing so poorly? Are we truly becoming a Banana Republic that does not end well? Jason and Wesley discuss a few things that you should always consider including keeping your tax rates down as much as possible. Fees and taxes are things you can often control, whereas we can't control what the economy or inflation is going to do. And why is crypto doing so poorly when it should, at least in theory, be the inflation hedge asset? Where's Michael Saylor? Isn't Bitcoin digital gold? Without a military behind it, will cryptocurrencies ever be truly viable? Key takeaway: Jason's editorial 0:00 The Creating Wealth Show, episode 1906 3:01 Jason's 2020 prediction - the rise of suburbia 6:21 Cities saw rent increases almost 17% since the beginning of pandemic 7:39 Weekend in Vegas at Richard Branson's Virgin Hotel 9:48 Thanks for attending the Recession Proof Investing Summit 10:10 HousingWire article: Why a good jobs report is bad news for the Federal Reserve 14:06 Over 109,000 followers on Instagram! Instagram.com/JasonHartman1 17:20 Register now for our LIVE event in Scottsdale AZ! EmpoweredInvestor.com/Live Wes Gray Interview 20:10 Welcome Wesley Gray, CEO & Co-CIO, Alpha Architect - Empowering investors through education 20:51 How do we allocate risk? 22:17 What assets should you be owning right now? Stocks, commodities? 25:24 Controlling your tax rates 26:49 Will we see incredibly high interest rates needed to tame inflation? 27:31 We are becoming a Banana Republic and it won't end well 29:05 Alpha Architect investment philosophies 30:38 Following trends in crypto, bonds & stocks 32:19 Why is crypto doing so poorly right now? 34:00 Ponzi schemes backed by military 35:07 The ability to inflict violence is what makes the world run 35:50 Freedom in Iraq vs Freedom in the US 37:03 Learn more and check out Wesley's blog at AlphaArchitect.com and follow on Twitter! @alphaarchitect Wesley R. Gray, Ph.D. CEO & Co-CIO, Alpha Architect After serving as a Captain in the United States Marine Corps, Dr. Gray earned an MBA and a PhD in finance from the University of Chicago where he studied under Nobel Prize Winner Eugene Fama. Next, Wes took an academic job in his wife's hometown of Philadelphia and worked as a finance professor at Drexel University. Dr. Gray's interest in bridging the research gap between academia and industry led him to found Alpha Architect, an asset management firm dedicated to an impact mission of empowering investors through education. Wes has published multiple academic papers and four books, including Embedded (Naval Institute Press, 2009), Quantitative Value (Wiley, 2012), DIY Financial Advisor (Wiley, 2015), and Quantitative Momentum (Wiley, 2016). Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
Diversification of strategies is key.Twitter: https://twitter.com/leadlagreportFacebook: https://www.facebook.com/leadlagreportInstagram: https://instagram.com/leadlagreportSign up for The Lead-Lag Report at www.leadlagreport.com and use promo code YOUTUBE30 for 2 weeks free and 30% off.Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.See disclosures for The Lead-Lag Report here: https://www.leadlagreport.com/static/termsandconditionsThe Personal Finance PodcastSubscribe now and Master Your Money in Less than 30 Minutes Per Week! Listen on: Apple Podcasts Spotify
Wes Gray is a man of many talents. He was a Captain in US Marine Corp, has a PhD in Finance and Univ of Chicago, and now run Alpha Architect. We discuss a lot of areas on this episode. I know you will enjoy it. We discuss the value of using common sense with the quant approach, whether Value investing is making a come back ( I like this one), poor man's managed futures, the biggest risks right now, when to use discretion, inflation protection, and more. Today's Panelists: Kirk Chisholm | Innovative Wealth Megan Gorman | The Wealth Intersection Douglas Heagren | ProCollege Planners Follow on Facebook: https://www.facebook.com/moneytreepodcast Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast Follow on Twitter: https://twitter.com/MTIPodcast
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
After spending years going through a tough academic program, one dissertation away from achieving a degree, Wes Gray chose to take a step back and join the Marine Corps. Following five years of service, Wes finished his degree at The University of Chicago, studying under the acclaimed Eugene Fama. While working as a professor, a cold call from a billionaire in New York prompted Wes to begin moonlighting as an internal due diligence agent. That decision to take on a second job became his inspiration for Alpha Architect – an asset management firm committed to empowering investors through education. In this episode, Wes talks with Doug and Greg about why Alpha Architect is abnormal, the method to their madness, how Wes challenged Eugene Fama (and nearly won), how Alpha Architect is responding to today's volatile markets, and what the future looks like for value investors. Key Takeaways [01:24] - How Wes transitioned from professor to founder of Alpha Architect. [04:50] - Why Wes' studies led him to be more of a quant than a discretionary investor. [14:00] - Has a rise in awareness diluted investors' ability to obtain Alpha? [19:25] - How Wes explains the recent market volatility. [22:40] - How Alpha Architect responds to “flows” and market volatility. [26:23] - How Alpha Architect remains tax-efficient. [29:37] - What Wes believes the future looks like for value investors. Quotes [27:14] - “One of the problems with the financial services industry is, the best idea, the best strategy in the world, can always be ruined by fees and taxes. And so, you can have a lot of excess returns, but if you give it all up in fees and taxes, what was the point?” ~ Wes Gray [31:08] - “No matter how you cut it, the valuation of value stocks is the cheapest it's ever been relative to the valuation of the market or gross stocks more particularly. And so the problem is timing. I have to survive the potential issue of, I go buy value stocks and then all the sudden all the crazy maniac stocks beat me and crush my soul by ten percent a year for the next ten years again.” ~ Wes Gray [31:57] - “The problem is, if there is a risk that you give up on fundamentals and the weighing machine in the short run, that means you will not get to extract the benefits of the long run. And I always tell people, you really need to sit down and think about your own brain psychology, and if you can't deal with the heat in the kitchen, get out of the kitchen and just go buy the Vanguard fund.” ~ Wes Gray Links Wes Gray Alpha Architect Eugene Fama The University of Chicago Drexel University Embedded Quantitative Value DIY Financial Advisor Quantitative Momentum Warren Buffett Robinhood Vanguard iShares Seth Klarman Tesla BlackRock Cliff Asness: Still Crazy After All This YTD Connect with our hosts Doug Stokes Greg Stokes Stokes Family Office Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts lagniappe.stokesfamilyoffice.com Disclosure The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.
In this episode of Show Us Your Portfolio we speak with Alpha Architect founder Wes Gray. We discuss the three principles he uses to build his personal portfolio and take a detailed look the major assets within it. We also discuss his general views on portfolio management, his biggest investment mistakes and how he thinks about his long-term investing goals. 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
Ed and guest host Patrick Schramm, East Coast Regional Vice President speak with Dr. Wes Gray, founder of Alpha Architect about Alpha Architect and the return of quantitative investing.
IN THIS EPISODE, YOU'LL LEARN: 04:06 - How Wes looks at the world of investing differently with his academic background.06:48 - Whether just owning the S&P 500 gives investors enough international exposure or not.09:42 - What momentum investing is and why it works.47:37 - How retail investors can utilize a momentum strategy.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESRobert and Clay's tool for picking stock winners and managing our portfolios: TIP Finance.Check out Wes' website, Alpha Architect.Check out Wes' research.Wes' book, Quantitative Momentum.Wes' book, Quantitative Value.Wes' book, DIY Financial Advisor.Related episode: MI126: A Rational Approach to Investing w/ Tobias Carlisle.Check out our Investing Starter Packs about business and finance.Support our free podcast by supporting our sponsors. See the all-new 2022 Lexus NX and discover everything it was designed to do for you. Welcome to the next level.Yieldstreet allows you to invest beyond the stock market with an evolving marketplace of alternative investments. Create your account today.Feel safe online: anywhere, anytime with NordVPN. Listeners can get up to 70% off your NordVPN Plan + 1 additional month for free!Learn more about how you can get started investing in some of the best cash flow markets today with Rent to Retirement.Take your business online with Wix, the leading website creation platform that's got all the tools you need to create, manage and grow your brand. Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.Provide future financial protection to the people who matter most to you with the help of TD Term Life Insurance.Be part of the solution by investing in companies that are actively engaged in integrating ESG practices with Desjardins.Canada's #1 employee benefits plan for small businesses! The Chambers Plan evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.Read this episode's transcript and full show notes on our website.Connect with Wes: Website | LinkedIn | TwitterConnect with Clay: Twitter See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Show from 1/28/22Wharton Finance Professor Jeremy Siegel kicks off the show with market news. Professor Siegel discusses Powell and worsening inflation, stock rotation, supply shortages, and more. Then Host Jeremy Schwartz talks value rotation and 2022 market outlook with two experts in the space. Founder and CIO of Praetorian Capital Harris Kupperman and Founder, CEO, and Chief Investment Officer of Alpha Architect Wes Gray get into what is driving oil prices, the value of gold, real estate markets, overvalued stocks, and more.Guest:Harris Kupperman – Founder and CIO of Praetorian Capital. He is also Chairman and CEO of Mongolia Growth Group.Check out his blog “Adventures in Capitalism”: https://adventuresincapitalism.com/ For more on Praetorian Capital check out their website: https://www.praetorianvc.com/praetoriancapital/ For more on Mongolia Growth Group visit their website: http://mongoliagrowthgroup.com/ Wes Gray - Founder, CEO, and Chief Investment Officer of Alpha ArchitectFor more on Alpha Architect visit their website: https://alphaarchitect.com/Follow Alpha Architect on Twitter: @alphaarchitectFollow WisdomTree on Twitter: @WisdomTreeETFsFollow Jeremy Schwartz on Twitter: @JeremyDSchwartz See acast.com/privacy for privacy and opt-out information.
As we all know, not all investments are equally exciting, but on today's show, we make the case that you should not put your money into an ETF just because it is trending. A thematic ETF is a fund that offers the opportunity to invest based on a particular theme, such as climate change or artificial intelligence. The concept behind investment themes is that they ostensibly offer investors the opportunity to participate in potentially disruptive trends with the idea of earning excess returns. The problem we find with these ETFs is that as the markets they are based on attract more attention and an influx of entrants, everybody's per-share earnings get reduced. By the time a themed ETF becomes investable, it experiences a mean reversion of prices and media sentiment, in contrast to the attractive returns shown in its backtested index. This means that while thematic ETFs are good business for the ETF providers, they do not create value for investors on average. Toward the end of our show, we invite Wes Gray from Alpha Architect to talk about their change from index to active ETFs and more. Wrapping up, Wes along with Robin Taub join us for a lively round of Talking Sense. Tune in today!
We talk Norway, the Government Pension Fund Global, Chile, EMH, price realization, active vs passive, ESG & governance, the Cleese Principle (90/10), hand wringing over the growth in indexing, and more. Follow Robin @robinwigg on Twitter, www.FT.com where he is Global Finance Correspondent, Buy Robin's book here. Listen to his interview with The Rational Reminder Podcast & @cameronpassmore, follow Wes Gray @alphaarchitect, Jason Zweig @jasonzweigwsj, and the paper praising the Norway's Government Pension Fund Global was referenced in The Future of Pension Management by Keith Ambachtsheer. Follow your host, John Emrich @dogma_kick on Twitter and https://www.linkedin.com/in/kickthedogma/ on LinkedIn.
IN THIS EPISODE, YOU'LL LEARN: 02:00 - How Tobias ended up becoming a value investor.07:43 - What investors had a big impact on Tobias' own development.33:40 - How inflation impacts his overall thought process for stock investing.41:23 - Tobias' thoughts on an appropriate discount rate, and what discount rate Warren Buffett might be using in his valuation process.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESRobert and Clay's tool for picking stock winners and managing our portfolios: TIP Finance.Get a FREE audiobook from Audible.Check out our Investing Starter Packs about business and finance.Tobias Carlisle's book The Acquirer's Multiple.Tobias Carlisle's book Deep Value.Tobias Carlisle's book Quantitative Value.Bruce Greenwald's book Value Investing.Benjamin Graham's book, The Intelligent Investor.The Acquirer's Podcast.The Acquirer's Multiple.The Acquirer's Fund.Value After Hours Podcast.Related Episode: MI025: Deep Value Investing w/ Tobias Carlisle.Related Episode: MI084: Warren Buffett, Charlie Munger, And Berkshire Hathaway w/ Adam Mead.Related Episode: TIP402: Investing Mastermind Q4 2021 w/ Tobias Carlisle, Jake Taylor, and Wes Gray.Support our free podcast by supporting our sponsors.Save with a credit union that helps you build financial confidence with Navy Federal Credit Union.Switch to Mint Mobile and get premium wireless service, starting at JUST $15 bucks a month, and get the plan shipped to your door for FREE.Make your home safe with Simplisafe and get 40% off today. Indoor and outdoor cameras, comprehensive sensors, you name it.Now, not only the wealthy can afford collectibles! Enter Otis, an investment platform that makes it possible for almost anyone to invest in shares of cultural assets. Sign up now at withotis.com/TIP to get your first share for FREE!Impress your audience and yourself. Enjoy presentations for free with Canva.Read this episode's transcript and full show notes on our website.Connect with Tobias: Website | Twitter | LinkedInConnect with Clay: TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this weeks episode of The Market Call Show, Louis Llanes sits down with Dr. Wesley Gray about real world investing. After serving as a Captain in the United States Marine Corps, Dr. Gray earned an MBA and a PhD in finance from the University of Chicago where he studied under Nobel Prize Winner Eugene Fama. Next, Wes took an academic job in his wife's hometown of Philadelphia and worked as a finance professor at Drexel University. Dr. Gray's interest in bridging the research gap between academia and industry led him to found Alpha Architect, an asset management firm dedicated to an impact mission of empowering investors through education. He is a contributor to multiple industry publications and regularly speaks to professional investor groups across the country. Wes has published multiple academic papers and four books, including Embedded (Naval Institute Press, 2009), Quantitative Value (Wiley, 2012), DIY Financial Advisor (Wiley, 2015), and Quantitative Momentum (Wiley, 2016). Dr. Gray currently resides in the suburbs of Philadelphia with his wife and three children. The information in his four books can help investors, including Embedded (Naval Institute Press, 2009), Quantitative Value (Wiley, 2012), DIY Financial Advisor (Wiley, 2015), and Quantitative Momentum (Wiley, 2016) Alpha Architect: https://alphaarchitect.com/ ETF Architect: https://etfarchitect.com/ In this episode you'll hear: How the military experiences that Wes had translated into his entrepreneurial and finance endeavors today Why you need a "money doctor" Wes' philosophy on assessing risk tolerance and the perfect portfolio The Bucket System Education and Motivation Wes' path to Alpha Architect The quantitative approach Value vs. Momentum Wes' take on inflation today The Bitcoin trend The ETF business Email Us! Is there a financial question or market problem you would like to hear Louis work through on The Market Call Show? Email us at hello@louisllanes.com and you may see it answered on a future episode! When you are ready, here are some ways we can help YOU with your investing and financial planning: 1. Try the new RISK NUMBER SCORECARD Everyone has a risk number. Let's find yours. This tool can help you find YOUR personal risk number to have a peaceful investment journey ➡ https://bit.ly/3KJmpwv 2. Read the Financial Freedom Blueprint: 7 Steps to Accelerate Your Path to Prosperity If you're ready to accelerate your path to prosperity, Financial Freedom Blueprint lays out a proven system for planning and investing to secure your financial independence. ➡https://www.pathtorealwealth.com/ You can also get a personalize signed hard cover copy ➡ https://www.pathtorealwealth.com/the-book/p/financial-freedom-blueprint 3. Work with me one-on-one If you would like to talk about planning and investing for your future. ➡https://calendly.com/wealthnet-make-an-appointment/introzoom
IN THIS EPISODE, YOU'LL LEARN:01:10 - How to think about ESG when you invest. 07:46 - Why ESG is lowering the cost of capital.20:23 - Which data from international markets do investors need to invest away from the US21:10 - How did the US go from owning more of the world to the world owning more of the US? 28:29 - Which timeless principles do we have in investing? 37:26 - How can you still be a value investor when the strategy is not working short term? 45:24 - Is there any secular trends to look out for in the decade to come48:16 - How do you find a good benchmark for your portfolio? 54:14 - Why John Husmann estimates the expected return for S&P500 is negative*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESListen to the most recent Q3 2021 Investing Mastermind episode.Listen to the most recent Q2 2021 Investing Mastermind episode.Tobias Carlisle's podcast, The Acquires Podcast.Tobias Carlisle's Acquirers Fund.Tobias Carlisle's ETF, ZIG.Tobias Carlisle's ETF, Deep.Tobias Carlisle's book, The Acquirer's Multiple – read reviews of this book!Tobias Carlisle's Acquirer's Multiple stock screener: AcquirersMultiple.comTweet directly to Tobias Carlisle.Dr. Wesley Gray's and Toby Carlisle's book: Quantitative Value – read reviews for this book!Dr. Wesley Gray's website: Alpha Architect.Dr. Wesley Gray's book: Quantitative Momentum – read reviews for this book!Dr. Wesley Gray's Twitter.Jake Taylor's company, Farnam Street Investments. Claim Jake Taylor's offer for listeners of The Investor's Podcast. Tweet directly to Jake Taylor.If you're new to the show and don't know where to begin listening, check out our We Study Billionaires Starter Packs.Get in early on medical technology, breakthroughs in ag-tech and food production, solutions in the multi-billion dollar robotic industry, and so much more with a FREE OurCrowd account. Open yours today.Get $50 off your Drinkworks Home Bar by Keurig this holiday season. Now through December 5, save $50 on the Home Bar at Drinkworks.com.Switch to Mint Mobile and get premium wireless service, starting at JUST $15 bucks a month, and get the plan shipped to your door for FREE.Invest in the $1.7 trillion art market with Masterworks.io. Use promo code WSB to skip the waitlist.Join award-winning British journalist Georgie Frost as he interviews the leading thinkers and doers at BCG on the trends, developments, and ideas that will shape and disrupt the future! Listen to brand new episodes of The So What from BCG on Apple Podcasts, Spotify, Stitcher or wherever you get your podcasts.You can get a complete home security system starting at just over $100. There are no long-term contracts or commitments. It's a really easy way to start feeling a bit more peace of mind. Get 50% off your next order at SimpliSafe.com/TIP.Get access to some of the most sought-after real estate in the U.S. with Crowdstreet.Be part of the solution by investing in companies that are actively engaged in integrating ESG practices with Desjardins.Impress your audience and yourself. Enjoy presentations for free with Canva.Remove uncertainty from your portfolio and receive a steady flow of cash all year round with Farmfolio.Yieldstreet allows you to invest beyond the stock market with an evolving marketplace of alternative investments. Create your account today.Every 28 seconds an entrepreneur makes their first sale on Shopify. Access powerful tools to help you find customers, drive sales, and manage your day-to-day. Start a FREE fourteen-day trial right now!It's the holidays and you deserve a gift that keeps on giving you joy and comfort every day, all year long - X-Chair! Save $100 off your X-Chair just by purchasing it now.You can see eczema on the surface of your skin, but there may also be irritation below that you can't see. Discover Eucrisa as it works both above and below the skin to treat eczema in adults and children 3 months of age and older.Browse through all our episodes (complete with transcripts) here.Support our free podcast by supporting our sponsors.HELP US OUT!What do you love about our podcast? Here's our guide on how you can leave a rating and review for the show. We always enjoy reading your comments and feedback!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Wes, Patrick and the Alpha Architect Team are long-time friends of ReSolve, and were gracious enough to join us last-minute to discuss their huge win in the ETF white label space, with the launch of the ARK 21Shares Bitcoin ETF. Wes and team are known for their pure factor ETFs, but in the last few years they've pivoted from asset management to create an ETF Architect division, offering the “picks and shovels” for external managers to offer niche strategies with tight operations and low costs. Wes and Patrick give us the straight goods on what it takes to launch a successful ETF, including: Overcoming their academic focus on factor-oriented quant strategies to entertain more diverse offerings How “ETF Innovation” differs from traditional approaches and fund conversions The “minimum effective dose” of operating capital and market buy-in necessary to facilitate a successful ETF launch A deep dive into the levers of economics and margins for launching and operating an ETF Insights on changes to tax and regulatory rules proposed by the Biden administration, and the economic merits of equalizing ETF and mutual fund tax treatment Evolution in market access – how investors access ETFs vs mutual funds and how to get shelf space for fund products The special considerations involved in launching a Bitcoin ETF Overcoming the negative roll yield typical of Bitcoin futures The state of arbitrage in the digital asset space, and why juicy returns will probably persist You will not find a more candid, competent and credible team than Wes and Patrick to get the unfiltered version of what you need to deliver a successful ETF launch. It was also amazing to learn more about the machinations involved in standing up a crypto asset product, and getting a glimpse into the future of the space. Thank you for watching and listening. See you next week. This is “ReSolve's Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management. *ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.
"Yeah, man I learned that vulnerability is a strength and I feel like we've been programmed to think that it's a weakness because especially like you said, men, like we're supposed to be like strong and like sure of ourselves and the moment that we have feelings and something to talk about, we look like a bitch. You know what I mean? And it's that's not the case, but you're actually, I feel like for me, when I get that projection put on me, it's makes me, silence myself." If you would like to follow Wes and his journey make sure you check him out on Spotify or Apple Music, or you can also follow him on Instagram @realwesgray Here are some of the topics we cover in this episode: Vulnerability Drug use Limiting beliefs Being your true authentic self Being humbled DayWon (his brand) Losing his IG Depression Mindset If you would like to support the show please leave a 5 star review over on Apple Podcasts or leave a voice message on Anchor FM. You can also follow the show and my journey on IG @depthsofdarkside! Thanks for listening and have a great day! --- Send in a voice message: https://anchor.fm/lightofsuccess/message
For this week's Mastermind discussion, Stig has invited Tobias Carlisle from Acquirers Fund, Jake Taylor from Farnam Street Investments, and Dr. Wes Gray from Alpha Architect. The topic of the week is the holy grail of investing. IN THIS EPISODE, YOU'LL LEARN:(00:01:16) What is the holy grail of investing?.(00:06:37) Can you be diversified if you are only invested in equities?.(00:08:56) Which strategies and asset classes should you follow to diversify your revenue streams.(00:14:04) How to think about inflation and holding cash in your portfolio.(00:18:39) Whether you should invest in a trend-following strategy.(00:32:33) Why managed future exposure show is significant in your portfolio. (00:39:22) Is the rise of passive investing good for the active investor?.(00:45:25) Is Robinhood good or bad for the investor?.(00:53:45) What is the best and worst thing that has happened for ETF investors?.(00:56:42) How a mutual fund that returned 18% annually, in reality, turned into an 11% negative return.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:The article that Wes Gray referred to, Trend Following and the Epidemy of no Pain no Gain. Tobias Carlisle's podcast, The Acquirers Podcast.Tobias Carlisle's Acquirers Fund.Tobias Carlisle's ETF, ZIG.Tobias Carlisle's ETF, Deep.Tobias Carlisle's book, The Acquirer's Multiple – Read Reviews for this book.Tobias Carlisle's Acquirer's Multiple stock screener: AcquirersMultiple.com. Dr. Wesley Gray's and Toby Carlisle's book: Quantitative Value – Read Reviews for this book.Dr. Wesley Gray's website: Alpha Architect.Dr. Wesley Gray's book: Quantitative Momentum – Read Reviews for this book.Jake Taylor's company, Farnam Street Investments. Related episode - Q2 2021 Investing Mastermind episode. Preston, Trey & Stig's tool for picking stock winners and managing our portfolios: TIP Finance Tool.Updating your wardrobe with Mizzen+Main. Use promo code WSB to receive $35 off any order of $125 or more.Have high-quality, sustainably sourced Wild-Caught Seafood delivered right to your door with Wild Alaskan Company. Order today and get $15 off your 1st box of premium seafood.Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.Get help writing your emails, reports, presentations, resumes, blogs today with WordTune.Communicate your ideas in the best way possible with Canva.Join OurCrowd and get to invest in medical technology, breakthroughs in ag-tech and food production, solutions in the multi-billion dollar robotic industry, and so much more.Start feeling better with a single message. Match with a licensed therapist with Talkspace and get $100 off your first month with the promo code WSB.Connect with other users - friends, other members, and notable investors with Public.com. Use code BILLIONAIRES and get up to $50 in free stock to get started in growing your portfolio. Valid for U.S. residents 18+. Subject to account approval. See Public.com/disclosures. Not investment advice.Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.Get into a topic quickly, find new topics, and figure out which books you want to spend more time listening to more deeply with Blinkist. Get 25% off and a 7-day free trial today.Browse through all our episodes (complete with transcripts) here.Support our free podcast by supporting our sponsors.HELP US OUT!What do you love about our podcast? Here's our guide on how you can leave a rating and review for the show. We always enjoy reading your comments and feedback!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Episode 347 has a radio show format with Alpha Architect's Wes Gray and Patrick Cleary. We cover a variety of ETF-related topics, including: - Current state of the ETF space - The ins-and-outs of launching an ETF - Mutual fund conversions, active funds and index funds - Crypto ETF predictions! If you enjoy this episode, be sure to check out episode 258 with Wes Gray on how to launch an ETF. Please enjoy today's Radio Show with Alpha Architect's Wes Gray and Patrick Cleary. ----- 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 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.
For this week's Mastermind discussion, Stig Brodersen has invited Tobias Carlisle from Acquirer's Fund, Jake Taylor from Farnam Street Investments, and Dr. Wes Gray from Alpha Architect. The topic of the week is how they can best help the TIP Community.IN THIS EPISODE, YOU'LL LEARN:(01:41) How to think about cycles in value investing(19:54) How to create your own free MBA(34:27) The tax advantages you get with ETF investing(43:52) Why Franklin Covey is vastly undervalued BOOKS AND RESOURCES:Millennial investing's interview with Adam Mead Our interview with Morgan Housel about the Psychology of Money Franklin Covey's investors' relations Check out Kraken's industry-leading staking service, where you can put your crypto to work for you and earn up to 20% in additional rewards annuallyJoin OurCrowd and get to invest in medical technology, breakthroughs in ag tech and food production, solutions in the multi-billion dollar robotic industry, and so much moreUncover thousands of business ideas and discover the steps you need to execute with My First Million. Search My First Million on your podcast appSavor every moment with ButcherBox. New members can get one pack of free bacon in EVERY box for the life of their membership when they sign upMake documents, ask a lawyer your legal questions, and sign contracts on the go with Rocket Lawyer. Head to rocketlawyer.com/workconfidently to start your free trial todaySimplify working with multiple freelancers, set budgets, and manage projects with ease with Fiverr Business. Get 1 free year and save 10% on your purchase on with promo code INVESTORSBring your WiFi up to speed with Orbi WiFi 6 from NETGEAR. Save 10% with promo code BILLION10Get three months free when you protect yourself with ExpressVPN, the VPN we trust to keep us private onlineGet into a topic quickly, find new topics, and figure out which books you want to spend more time listening to more deeply with Blinkist. Get 25% off and a 7-day free trial todayBrowse through all our episodes (complete with transcripts) hereSupport our free podcast by supporting our sponsorsHELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!Privacy Policy and California Privacy Notice.
In episode 318, we welcome our guest, Perth Tolle, founder of Life + Liberty Indexes. In today's episode, we're talking about freedom! Perth shares what led her to focus on the relationship between freedom and investing in emerging markets. We hear the story of how she launched the ETF with the help of former podcast guests Rob Arnott and Wes Gray. She shares the inner workings of her Freedom Index and how it uses personal and economic freedom metrics as factors. As we wind down, Perth explains how it differs from most emerging market funds and what the reaction has been from people all around the glove. All this and more in episode 318 with Life + Liberty Indexes' Perth Tolle. ----- This episode is sponsored by Bitwise. The Bitwise 10 Crypto Index Fund is the world's largest crypto index fund. It holds a diversified portfolio of cryptoassets, including bitcoin, ethereum, and DeFi assets. Shares of the fund trade under the ticker "BITW" and are accessible through traditional brokerage accounts. Shares may trade at a premium or discount to net asset value (NAV). For more information: www.bitwiseinvestments.com
ETF.com’s Drew Voros discusses the record first quarter for ETF inflows. Alpha Architect’s Wes Gray talks value rotation, momentum stocks, and the ETF white-labeling business. Quadratic Capital’s Nancy Davis spotlights their Interest Rate Volatility & Inflation Hedge ETF (IVOL), one of the most successful recent ETF launches.
Show from 3/26/21Yields have calmed down, personal consumption increased, and there was a 20% jump in money supply. Wharton Finance Professor Jeremy Siegel explains what this means for the economic recovery. Then two experts on ETF factor investing join Host Jeremy Schwartz to discuss low cost portfolio models.Guests:Nir Kassar - Founding Managing Member of Unison Advisors and Bloomberg columnistRead his stories here: Nir Kassar Bloomberg ColumnsFor more on Unison Advisors visit their website: https://unisonadvisors.com/Wes Gray - CEO of Alpha ArchitectFollow him on Twitter: @alphaarchitectFor more on Alpha Architect visit their website: https://alphaarchitect.com/Follow Jeremy Schwartz on Twitter: @JeremyDSchwartzAsk Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com See acast.com/privacy for privacy and opt-out information.
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