Author Archive for: ‘Wesley R. Gray, Ph.D.’
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Predicting anomaly returns with politics, weather, global warming, sunspots, and the stars
Professor Novy-Marx does some really great research. We’ve highlighted his work on a few occasions. His specific work on the gross profits factor has influenced a lot of my own research. Novy-Marx has a really interesting piece discussing “data-mining:” Ferson, Sarkissian and Simin (2003) warn that …
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Debt burdens are painful!
Reinhart (and another Reinhart) and Rogoff have another paper in their series about “Why debt sucks.” The title of their newest work is “Debt Overhangs: Past and Present.” Headline: We identify the major public debt overhang episodes in the advanced economies sincethe early 1800s, characterized …
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Turnkey Analyst Relaunch
Our new Turnkey Analyst Screening tool is back in action after a battle with our old data provider. We fought long and hard and came up with a solution: Keep It Simple Stupid (KISS). The new turnkey screener does only 1 strategy. We visually depict the …
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Does Screening out Garbage Enhance Performance?
Jack and I are working on a new research paper that addresses a very simple question: Can investors improve their screening process by eliminating frauds, manipulators, and financially distressed firms? Answering this question appears easy, but as Cliff Asness and Andrea Frazzini point out in …
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Valueinvestorsclub.com Performance Update
If you are unfamiliar with Valueinvestorsclub.com and you call yourself a “value investor,” you’ve been missing out on the greatest value communities of all time. VIC has really made an impact on the investment landscape: BusinessWeek Article Barrons Article Financial Times Article Forbes Article And …