CEO, Alpha Architect

The Alpha Architect mission is to empower investors through education. We are a research-intensive asset management firm focused on delivering sophisticated tax-efficient active ... more

ALL CONTRIBUTIONS

Buying Stocks Trading Above 10x Sales–A Good Idea?
Early last week, Meb Faber included me on a conversation on buying stocks trading at 10x their company’s revenue (sales). Is this a good idea and how did it do in the past?
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EC Are ETFs Really Crushing Mutual Funds?
A key question from people in the ETF industry is when will the mutual fund die? Turns out it's a bit more complex than many of us in the ETF industry would like to admit.
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Fund Management: The Poor Beat The Rich
A recent research report found that fund managers from wealthy families underperform managers from poor families.
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EC Buyer Beware: The Reality Of Tax-Loss Harvesting Benefits
Tax loss harvesting is a strategy with at best very small return benefits, that arise only from tax deferral. Don't let the tax tail wag the dog.
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Trend-Following: A Decade Of Underperformance
An economic rationale for trend-following to work in the future would be if investors’ risk aversion is dynamic, and investors become more risk-averse as prices get lower and expected returns rise.
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Is There A Size Effect In The Stock Market?
One of the oldest and most persuasive arguments in the stock market is that small stocks outperform large stocks.
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STOCKS I FOLLOW

IWD iShares Russell 1000 Value Index Fund
VLUE iShares Trust - iShares MSCI USA Value Factor ETF
VXX iPath S&P 500 VIX Short-Term FuturesTM ETN

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