Posts by Wesley R. Gray, Ph.D.



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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Cloud-Based Financial Advisers

August 28, 2012

Wall Street is VERY afraid! There are a wave of internet-based financial advisers working hard to save you fees. http://www.marketriders.com/

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Long Bonds–Long or Short?

August 27, 2012

Timely Portfolio has a great post about the magical long-bond. http://timelyportfolio.blogspot.tw/2012/08/bonds-much-sharpe-r-than-buffett.html The thesis he presents is clear: long bonds won’t achieve what

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Debt burdens are painful!

May 16, 2012

Reinhart (and another Reinhart) and Rogoff have another paper in their series about “Why debt sucks.” The title of their

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