Alpha Architect Research Blog

The Newest Alpha Architect Research and Insights


Shooting Yourself in the Foot with Socially Responsible Investing

Socially responsible investing (SRI). Environmental, Social, and Governance investing (ESG). Impact investing...and so on... These socially responsible investing concepts can be roughly described as portfolio strategies that allocate investment dollars based on ethical, social, sustainability, or other factors. This form of ...

Treasury Bills Outperform Most Stocks — Say What???

Each morning we peruse a variety of research sites to see if there is anything exciting, new, and intriguing. Rarely does one find something that triggers a knee-jerk reaction like a recent paper by Hendrik Bessembinder. The title almost FORCES ...

1042 QRP: Weighing the High Cost of Floating Rate Notes

Weighing the High Costs of Floating Rate Notes as 1042 QRP
This cost-benefit analysis of floating rate notes as a 1042 QRP asset class will open your eyes to their high costs, ongoing fees and sub-optimal attributes ...

See you at the ETF Conference!

Myself, Jack Vogel, and Yang Xu are at the ETF conference the next few days. See below for mugshots. Give us a shout if you are around! ...

A Tactical Asset Allocation Researcher You Should Know

I'm a huge fan of hard-core academics that produce incredible research, and yet, very few are familiar with their research. I call these folks, "undiscovered gems." One might ask why undiscovered gems exist. On one hand, if a researcher produces incredible ...

Book Review — Loaded: Money, Psychology, and How to Get Ahead…

A few months ago I had the pleasure of hearing Sarah Newcomb speak at a recent Morningstar ETF conference. She was extraordinary. Although I only caught the last 20 minutes of her talk, she had my mind racing in a ...

How to Reduce Taxes through Negotiation

Since this is my first post, I'll make a quick introduction before getting to the content: I love science and learning. In college, I majored in physics and, upon completion, felt I had earned a four-year degree in the Discovery Channel ...

The Momentum Investing Texas Tour with Gary Antonacci and Jack Vogel

Next week we'll be touring the great state of Texas. Me, Gary Antonacci, and Jack Vogel, will be traveling between Houston, Austin, and Dallas. Gary and I will be leading discussions on momentum investing. Gary will focus on the use ...

The January Effect: An Evidence-Based Perspective

January is here again and market commentators are already telling stories about the so-called January Effect. Some articles (examples here and here) are saying the effect is an illusion, while others are claiming the effect can help you make some ...

Go Skew Yourself with Managed Futures

Skewness is a statistical measure of how returns behave in the tails of a probability distribution.  Wikipedia has a more robust definition of skewness with some good visuals here. If an investment (e.g., stocks) has negative skewness this means that the ...

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