Best Compound Your Knowledge The Alpha Architect Podcasts (2024)

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Compound Your Knowledge Episode 29: What’s the Story Behind EBIT/TEV? 18:03

4y ago18:03

18:03

This week we discuss Ryan’s article examining the Enterprise Multiple, EBIT/TEV, or Earnings Before Interest and Taxes (EBIT) divided by the firm’s Total Enterprise Value (TEV).Article Links:What’s the Story Behind EBIT/TEVhttps://alphaarchitect.com/2020/05/01/whats-the-story-behind-ebit-tev/By Compound Your Knowledge with Alpha Architect

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Compound Your Knowledge Ep 27: Value, Momentum, and Low Volatility 20:15

4y ago20:15

20:15

In this video, we examine two articles highlighted on our site. The first article, written by Larry Swedroe, examines the Value and Momentum performance over the past two years ( highlighting great research by the AQR team). The second article, written by Nicolas Rabener, examines portfolios combining either (1) Low Volatility and Momentum or (2) V…

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Compound Your Knowledge Ep 26: Bond Mutual Funds and ETFs 15:00

4y ago15:00

15:00

Last week, there were some pretty big dislocations between bond mutual funds and ETFs. I picked one specific example I found interesting, comparing the Vanguard high-yield muni bond mutual fund to two high-yield muni bond ETFs in the marketplace. Ryan and I discussed my example, which hopefully gives some information on how, within the bond market,…

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Compound Your Knowledge Ep 28: Bond ETF discussion with Jon Seed 42:26

4y ago42:26

42:26

In mid-February, prior to the market craziness, Jon Seed posted an article on our site titled: “Price”, ETFs, and Bond Market Liquidity. This was a prescient article, as it highlighted some of the issues with pricing bonds since they do not necessarily trade thousands or millions of times a day like stocks. Jon also mentioned how this affected mutu…

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Compound Your Knowledge Ep 25: Big vs. Small firms, and the case against REITs 21:42

4y ago21:42

21:42

In this week’s video, we discuss two articles examining (1) the performance gap between large and small firms and (2) the case against REITs.Article Links:The Gap Between Large and Small Companies is Growing. Why?https://alphaarchitect.com/2020/03/05/the-gap-between-large-and-small-companies-is-growing-why/The Case Against REIT’shttps://alphaarchit…

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Compound Your Knowledge Ep 24: Enterprise Multiples, Asset Allocation & Factor Models 21:16

4y ago21:16

21:16

In this week’s video, we discuss two articles examining (1) why Enterprise Multiples explain stock returns and (2) Asset allocation (and factor allocation).--Article Links:Why Do Enterprise Multiples Predict Expected Stock Returns?alphaarchitect.com/2020/01/21/ente…-stock-returns/Asset Allocation vs. Factor Allocation—Can We Build a Unified Method?…

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Compound Your Knowledge Ep 23: Value, the ETF Rule & Free Trading 27:11

4y ago27:11

27:11

In this week’s post, we discuss two articles examining (1) the relative underperformance of Value compared to Growth and (2) the new ETF rule and commission-free trading.Article Links:The Massive Performance Divergence Between Large Growth and Small Value Stockshttps://alphaarchitect.com/2020/02/21/the-massive-performance-divergence-between-large-g…

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Compound Your Knowledge Holiday Episode 26:07

4y ago26:07

26:07

Compound Your Knowledge Holiday Episode by Compound Your Knowledge with Alpha ArchitectBy Compound Your Knowledge with Alpha Architect

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Compound Your Knowledge: 2019 Factor Recap 23:46

4y ago23:46

23:46

Factor Investing Update: An Analysis of 2019 International Factor Returns:https://alphaarchitect.com/2020/02/19/factor-investing-update-an-analysis-of-2019-international-factor-returns/By Compound Your Knowledge with Alpha Architect

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Compound Your Knowledge Ep 20: Collectibles and PMI (and Factors) 9:15

4+ y ago9:15

9:15

In this week’s post, we discuss two articles. The first article examines the financial performance of collectibles, such as Cars, Wine, and Art. The second article examines PMI and its impact on factor performance.Research on the Financial Performance of Collectibleshttps://alphaarchitect.com/2019/07/22/research-on-the-financial-performance-of-coll…

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Compound Your Knowledge: Value Investing & Concentration and Strategies to Reduce Crash Risk 21:35

4+ y ago21:35

21:35

Value Investing & Concentrationhttps://alphaarchitect.com/2019/07/18/value-investing-concentration/Strategies to Reduce Crash Risk in Stockshttps://alphaarchitect.com/2019/07/16/strategies-to-reduce-crash-risk-in-stocks/By Compound Your Knowledge with Alpha Architect

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Compound Your Knowledge Ep 18: Size, Mom, Sell-Offs, & R Code 12:57

5y ago12:57

12:57

In this week’s post, we discuss four articles. The size, written by the folks at AQR, is titled “Fact, Fiction, and the Size Effect” and is a deep dive into the Size effect–I highly recommend everyone read the underlying paper as well. The second article examines the baseline historical facts of market sell-offs, both within the U.S. and other mark…

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Compound Your Knowledge: Stock Buybacks 9:55

5y ago9:55

9:55

We hope everyone had a nice 4th of July weekend!In this week’s post, we discuss one paper, titled “Buyback Derangement Syndrome.” The paper was summarized on our site by Tommi, and the paper was written by Clifford Asness, Todd Hazelkorn, and Scott Richardson, all of AQR.Debunking Myths About Stock Buybackshttps://alphaarchitect.com/2019/07/01/debu…

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Compound Your Knowledge Ep. 16: Trend-Following, Large-Cap Value, Active Mgmt 15:45

5y ago15:45

15:45

In this week’s post, we discuss three papers. The first post, written by Wes, covers a deep-dive into trend-following on equities. The second post, written by Andrew Miller, examines Large-Cap Value portfolios. The last post, written by Larry Swedroe, examines Active Management.Trend Following: The Epitome of No Pain, No Gainhttps://alphaarchitect.…

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Compound Your Knowledge: Affiliated Funds, Diversification 11:33

5y ago11:33

11:33

This week Ryan and Jack discuss two topics. First, they discuss a paper examining the performance of bank affiliated mutual funds. Second, they examine a post by Larry Swedroe on diversification.Paper Links:Do Bank Affiliated Funds Underperform Affiliated Funds?https://alphaarchitect.com/2018/10/29/do-bank-affiliated-funds-underperform-unaffiliated…

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Compound Your Knowledge: Diversification, Investment CAPM, Factor Investing 19:11

5y ago19:11

19:11

Today, Ryan and Jack discuss three topics discussed on Alpha Architect's blog over the past two weeks. First, they discuss a post by Wes, discussing the benefits and pitfalls of portfolio diversification. Second, they discuss a new working paper which questions how the Investment CAPM can price momentum. Last, they discuss a guest post by Larry Swe…

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Compound Your Knowledge: Cash Conversion Cycle, Uncertainty, And Distracted Investors 10:46

5y ago10:46

10:46

In this week’s post, I discuss three papers. The first examines a new factor, the Cash Conversion Cycle–while most are discounting factors in the new “Factor Zoo” world, this is definitely an interesting factor to examine. Second, I briefly summarize Larry Swedroe’s paper on Risk versus Uncertainty, and how one can build alternative portfolios to d…

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Compound Your Knowledge: ETFs, Manager Wealth, TLH, Value 16:13

5y ago16:13

16:13

In this week’s episode, we cover four articles published on our site. The first article, written by Ryan, examines the growth in assets of ETFs and Mutual Funds. The second article, summarized by Elisabetta, examines the performance of funds by differentiating the fund’s manager on his/her family wealth. The third article, written by Maneesh Shanbh…

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Compound Your Knowledge: ETF Tax Efficiency, Profitability Factor, Trend Following 16:25

5y ago16:25

16:25

This week Ryan and Jack have a discussion on three topics. First, they discuss ETF tax efficiency based on the findings in a new paper by the RAFI team. Second, they discuss the profitability factor as Larry Swedroe highlights a new paper on international evidence. Third, they discuss Jack's article on how one should benchmark a trend following str…

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Compound Your Knowledge: ESOPs, Factors, Incentives 15:54

5y ago15:54

15:54

In today’s video, we examine three posts. First, we examine ESOPs and 1042 QRP (qualified replacement property) with Doug Pugliese. Second, we examine a guest post by Nicolas Rabener examining Value, Momentum and Carry over the past 10 years. Last, we examine a guest post by Elisabetta discussing a new paper on rankings/incentives.1042 QRP: How to …

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Compound Your Knowledge: Factor Failure, China, EBITDA 15:34

5y ago15:34

15:34

In today’s video, we examine three posts. First, we examine Larry Swedroe’s rebuttal to the “failure” of factor investing. Second, we examine a paper examining the performance of the Size and Value factors in China. Last, we examine a fun and light-hearted post by Doug on EBITDA.Article Links:“The Failure of Factor Investing was Predictable”https:/…

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Compound Your Knowledge: Editorials On Machine Learning 16:14

5y ago16:14

16:14

This week Ryan and Jack discuss two editorials on machine learning and its impact and use within Research. The first paper is an Editorial by Rob Arnott, Cam Harvey, and Harry Markowitz discussing, in their opinion, proper protocols for research (back-testing) in the era of machine learning. The Second paper, summarized by Elisabetta, is by Joseph …

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Compound Your Knowledge: Factor Momentum, Value & Equity Comp 14:18

5y ago14:18

14:18

In this week’s post, I discuss four papers. The first paper, summarized by Tommi and written by Tarun Gupta and Bryan Kelly (AQR), examines the momentum of (L/S) factors. The second article, written by Larry Swedroe, asks the following: “The Re-Death of Value, or Déjà Vu All Over?” The third article is a guest post by Robinson Crawford, who gives a…

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Compound Your Knowledge: Factor Investing & Hedge Fund Performance 14:58

5y ago14:58

14:58

In this week’s video, we discuss three posts. The first post discusses the new index analysis section on our site. The second post, written by Tommi, uses Hedge Funds’ past performance to identify if one can predict future Hedge Fund performance. The last post discusses Wes’ video examining an older article–Factor Investing is Simple, but Not Easy.…

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Compound Your Knowledge: Factors, Opportunity Zones, HFs 15:09

5y ago15:09

15:09

This week Ryan and Jack discuss three topics. First, they examine the returns to U.S. stock broken down by (1) size and (2) factors (mega-cap stocks were the place to invest over the last 5 years!). Second, they examine a post by Adam Tkaczuk on Opportunity Zones–a must read for those with low basis securities. Third, they examine a post by Tommi o…

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Compound Your Knowledge: Factor Returns, Put Options, Distribution Of Equity Returns 15:53

5y ago15:53

15:53

Welcome to the newly re-titled weekly video, Compound Your Knowledge. In today’s video, we examine three posts. First, we examine a simple analysis of 2018 Factor portfolio returns. Second, we examine a guest post by Jon Seed examining Warren’s put options, and how they are different than most investors put options. Last, we examine a guest post by…

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Compound Your Knowledge: Investor Confidence & Issues With Factor Investing 17:07

5y ago17:07

17:07

In this week’s post, we discuss two posts. The first post, written by Elisabetta, examines a new method attempting to directly measure aggregate investor overconfidence. The second post, written by Larry Swedroe, examines issues that plague Factor Investing.Article Links:Aggregate Investor Confidence in the Stock Markethttps://alphaarchitect.com/20…

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Compound Your Knowledge: Financial Advice, The Global Market Portfolio 12:22

5y ago12:22

12:22

This week Ryan and I discuss two topics. First, we examine a paper titled, “The Misguided Beliefs of Financial Advisers”, which examines if financial advisors are conflicted, or simply misguided. Second, we examine a post on the Unobservable Global Market Portfolio.A Proxy for the Unobservable Global Market Portfoliohttps://alphaarchitect.com/2018/…

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Compound Your Knowledge: Momentum & Short Sellers 13:32

5y ago13:32

13:32

In today’s video, we examine three articles from last week. The first article, written by Larry Swedroe, examines the Momentum of News. The second article, written by Wes, examines an out-of-sample test on Momentum by looking at Russian stocks in the 19th century. The third article, written by Tommi, examines the impacts that short sellers have wit…

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Compound Your Knowledge: Manager Sentiment, Financial Education, Smart Money Indicator 20:05

5y ago20:05

20:05

In this week’s video, we examine four articles. The first article, written by Elisabetta, examines a trading strategy on bonds (duration) using news sentiment. The second article, written by Larry Swedroe, examines two papers using volatility targeting to improve risk-adjusted returns. The third article, also written by Larry Swedroe, examines the …

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Compound Your Knowledge: Opp. Zone Investments, Hiring Losers, & Short Selling W - Insider Buying 12:55

5y ago12:55

12:55

In this week’s video, we examine three articles. The first article, written by Adam Tkaczuk, covers a method to make an opportunity zone (equity) investment behave more like a bond. The second article, written by Larry Swedroe, examines the future performance of past winning & loser funds. The third article, written by Tommi, examines an investment…

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Compound Your Knowledge: Size & Value 10:52

5y ago10:52

10:52

In today’s video, we examine two posts from last week. First, we examine Wes’ post on the Size factor. Second, we examine a paper by Tommi examining the distribution of Size and Value returns over various time horizons.Article Links:Is There a Size Effect in the Stock Market?https://alphaarchitect.com/2019/02/14/is-there-a-size-effect-in-the-stock-…

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Compound Your Knowledge: Sentiment And Bonds, Volatility, & ESG 14:50

5y ago14:50

14:50

In this week’s video, we examine four articles. The first article, written by Elisabetta, examines a trading strategy on bonds (duration) using news sentiment. The second article, written by Larry Swedroe, examines two papers using volatility targeting to improve risk-adjusted returns. The third article, also written by Larry Swedroe, examines the …

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Compound Your Knowledge: Smart Beta Is Officially Dead, But Not Forgotten 9:28

5y ago9:28

9:28

The Alpha Architect mission is to empower investors through education, and our Weekly Research Recap is meant to be an educational journey that slowly builds confidence in one’s own ability to understand financial concepts and financial research. We believe an educated investor is a sustainable investor, which is critical for the success of any lon…

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Compound Your Knowledge: Trend Following,(What Is) Factor Blending 14:01

5y ago14:01

14:01

This week Ryan and Jack discuss several important topics. First, they discuss the tracking error associated with trend-following strategies. Second, they chat about a paper by researchers from Goldman Sachs, “Constructing Long-Only Multifactor Strategies: Portfolio Blending vs. Signal Blending.”Paper Links:How large is the tracking error created by…

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Compound Your Knowledge: Trend Following And HFs 13:13

5y ago13:13

13:13

In today’s video, we examine three articles from last week. The first article examines the (under) performance of trend-following over the last decade. The second article by Valeriy Zakamulin examines common questions, and Valeriy’s responses, on “how” to build a trend-following model. The third article by Elisabetta examines the performance of hed…

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Compound Your Knowledge: Tax-Managed Strategies & Stocks Above 10x Sales 10:11

5y ago10:11

10:11

In this week’s episode, we cover two articles. The first article, summarized by Tommi, examines the performance of tax-managed factor strategies. The second article examines the performance of systematically purchasing stocks trading above 10x their sales (revenue).Tax-Managed Factor Strategieshttps://alphaarchitect.com/2019/05/06/tax-managed-facto…

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Compound Your Knowledge: Trend-Following, Portfolios, And Risk Factors 24:49

5y ago24:49

24:49

This week Ryan and I discuss three posts. First, we examine a guest post titled, “Trend Following on Steroids,” which examines ways to enhance a simple trend-following strategy. Second, we examine a post I wrote regarding how to use trend-following within a standard stock/bond portfolio. Last, we examine a post by Tommi on an AQR paper regarding ho…

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Compound Your Knowledge: Value Performance, ETF's Impact On Correlations & Liquidity 14:33

5y ago14:33

14:33

This week Ryan and Jack discuss two posts. First, they examine a guest post by Matthew Bartolini of State Street Global Advisors, discussing the underperformance of Value and its outlook for 2019. Second, they examine a guest post by Elisabetta on a recent JPM paper examining the effects that ETFs have had on Correlations, Liquidity, and Alpha Oppo…

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Compound Your Knowledge: Momentum, Gender Bias, Cybersecurity 1:07:19

5y ago1:07:19

1:07:19

Last week’s video (slightly delayed) involves interviews of three guests of Alpha Architect. The first guest is Adam Butler of Resolve Asset Management. We discuss Resolve’s portfolios and I ask Adam a tough question–if you can only pick one asset class and one rule to use for investments, what would it be? Our second guest (14-minute mark) is Andr…

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Compound Your Knowledge: Volatility In Levereged ETFs, Momentum, Retirment Accounts 16:53

5y ago16:53

16:53

Ryan and Jack discuss three articles published on our blog this week. First, they examine a paper by Linda Zhang investigating the volatility of leveraged ETFs. Second, they discuss an article (and corresponding video and PPT slides from Wes) examining stock momentum strategies. The talk is titled "Momentum Investing, Simple, but not Easy". Last, t…

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Compound Your Knowledge: Betting Against Beta, The Conservative Formula, Benchmarks 16:57

5y ago16:57

16:57

Ryan Kirlin and Dr. Jack Vogel discuss three articles published on our blog this week. First, we examine a summary by Larry Swedroe that highlights the Betting Against Beta (BAB) factor and dives into two new papers examining when the BAB factor performs well. Second, we discuss a paper titled “The Conservative Formula: Quantitative Investing Made …

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Factor Investing is More Art, and Less Science 53:18

5+ y ago53:18

53:18

https://alphaarchitect.com/2017/02/03/factor-models-are-more-art-and-less-science/By Compound Your Knowledge with Alpha Architect

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Behind The Markets Podcast - Alex Sadowski & Dave Babulak 54:40

6y ago54:40

54:40

In this episode of Behind the Markets Podcast hosts Jeremy Schwartz and Wes Gray talk high frequency trading, cryptocurrency, & the future of investing with new tech. Also check out the video below of our guest Dave blowing up a bridge which he mentions at the start of our interview!By Compound Your Knowledge with Alpha Architect

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Compound Your Knowledge The Alpha Architect Podcasts

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