Posts by Wesley R. Gray, Ph.D.



Ben Graham: Skill or Luck?

January 9, 2013

Toby has a great post on his blog: http://greenbackd.com/ http://greenbackd.com/2013/01/09/examining-benjamin-grahams-record-skill-or-luck/ Note: This site provides no information on our value investing

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Flexible Asset Allocation

January 3, 2013

Generalized Momentum and Flexible Asset Allocation (FAA) An Heuristic Approach Wouter J. Keller and Hugo S.van Putten A recent version

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New Tax Bill

January 2, 2013

Always fun to read the source document: http://www.gpo.gov/fdsys/pkg/BILLS-112hr8eas/pdf/BILLS-112hr8eas.pdf Amazing how many carve outs and special interest deductions there are in

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Good Timing, Meb

December 14, 2012

I spent a few hours writing up a post mapping out the likelihood of 2-3% real returns over the next

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Dividing Value into “Priced” and “Mispriced”

November 3, 2012

Gerakos and Linnainmaa have a new paper out: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2083166 and http://www.asb.unsw.edu.au/schools/bankingandfinance/Documents/J.Gerakos,%20J.T.%20Linnainmaa%20-%20The%20Unpriced%20Side%20of%20Value.pdf Here is code to perform the decomposition: http://faculty.chicagobooth.edu/juhani.linnainmaa/ValueDecomposition.do  

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