Wesley Gray on a Source of Persistent Alpha

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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This week on our Masters in Business podcast, we speak with Wesley Gray, founder of Alpha Architect, a financial advisory firm that, among other things, offers robo-adviser services -- automated investment management via the internet, mainly in passive funds.

During our discussion, Gray, a former captain in the U.S. Marine Corps and a veteran of the war in Iraq, described how being trained and well versed in military history and tactics are applicable to Wall Street. He also holds a Masters in Business Administration and a doctorate in finance from the University of Chicago. Research by his firm also revealed that two factors generate persistent alpha (above-market returns): momentum and value.

 

You can stream the full podcast below, or download it on iTunes, Soundcloud orBloomberg. All of our earlier podcasts are at iTunesSoundcloud and Bloomberg.

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To contact the author of this story:
Barry Ritholtz at britholtz3@bloomberg.net

To contact the editor responsible for this story:
James Greiff at jgreiff@bloomberg.net