Wesley Gray on a Source of Persistent Alpha
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.
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