Here’s a great article by Wes Gray at the Wall Street Journal which demonstrates that value investing is not dead. It just depends on which metrics you use to measure its performance. Wes Gray is the CEO and CIO of Alpha Architect, a quantitative asset manager based near Philadelphia. Here’s an excerpt from that article: Is value investing dead? It’s a question … Read More
Why Does The Enterprise Multiple Perform Better Than Other Valuation Metrics
(Photo courtesy, lebow.drexel.edu) One of our favorite bloggers is Wes Gray over at Alpha Architect. These guys provide some of the best research on investing and behavioral finance. Gray is a really smart guy, has a PhD in finance, and graduated magna cum laude with a BS from The Wharton School of the University of Pennsylvania. He’s also published four books and multiple academic … Read More