Player FM - Internet Radio Done Right
17 subscribers
Checked 3d ago
Додано seven років тому
Вміст надано Alpha Architect. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Alpha Architect або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
Player FM - додаток Podcast
Переходьте в офлайн за допомогою програми Player FM !
Переходьте в офлайн за допомогою програми Player FM !
The Alpha Architect Round Up
Відзначити всі (не)відтворені ...
Manage series 2431123
Вміст надано Alpha Architect. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Alpha Architect або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
The Alpha Architect mission is to empower investors through education.
…
continue reading
64 епізодів
Відзначити всі (не)відтворені ...
Manage series 2431123
Вміст надано Alpha Architect. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Alpha Architect або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
The Alpha Architect mission is to empower investors through education.
…
continue reading
64 епізодів
Усі епізоди
×Submit your questions! Email: jose@alphaarchitect.com Is Tail Risk Hedging Still Worth It? And What’s Up With Trend Following and International Stocks? In this episode of the Alpha Architect Roundup, we tackle the recent market dip, the muted VIX, and what that means for tail risk hedging strategies. While investors hoping for a crash were left disappointed, the conversation turns to whether protection still has a place in a portfolio. We also dive into the struggles of trend following during whipsaw markets, the subtle resurgence of international equities, and how to think about weighting factors and diversifiers. From AI in factor research to why keeping it simple may still be the best edge, this episode offers a wide-angle lens on risk management, return generation, and investor behavior in today’s market. We discuss: • Why equities remain the dominant return driver—and where value and momentum fit in. • How to think about tail risk hedging when the VIX stays muted. • Lessons from comparing the 2020 crash to the 2025 market dip. • How trend following performed recently, and whether it’s still a valid strategy. • Why implementation (slow vs. fast signals) matters in managed futures. • The nuanced role of trend as a diversifier vs. portfolio protection. • A data-backed argument for international stocks—and whether the trend is sustainable. • What investors are (and aren’t) saying about international allocations. • How to think about weighting schemes in factor and diversifier portfolios. • The pros and cons of AI in factor investing—and why simplicity and transparency still win. Follow the Team on X: Wes Gray, PhD: https://x.com/alphaarchitect Jack Vogel, PhD: https://x.com/jvogs02 Ryan Kirlin: https://x.com/RyanPKirlin Jose Ordoñez Jr: https://x.com/JOrdonezJr Subscribe for more insights on diversification, market trends, and smart investing strategies! For more educational resources, visit: https://www.alphaarchitect.com Disclosures: https://www.alphaarchitect.com/disclosures…
Can Apple really be safer than the U.S. government? In this episode of the Alpha Architect Roundup, we explore the odd disconnect between credit ratings and market pricing. Apple holds a higher rating than the U.S.—but Treasury yields suggest otherwise. What does that say about risk perception, inflation expectations, and the role of bonds in your portfolio? In this episode, we discuss: – The disconnect between credit agencies and bond market pricing – The bond market’s lackluster performance post-2022 – Rising tariffs and their impact on inflation – Momentum’s underperformance despite a strong market – Whether T-bills are still the “risk-free” rate – Practical strategies for managing long-term macro uncertainty Sources: – "Why Are Bond Investors Contrarian While Equity Investors Extrapolate? Understanding Return Expectations, Part 3" by Antti Ilmanen. AQR. Subscribe for more insights on diversification, market trends, and smart investing strategies! For more educational resources, visit our website: https://www.alphaarchitect.com Disclosures: https://www.alphaarchitect.com/disclosures…
What stocks should you own in a trade war? That’s the question I posed to Kai Wu, founder of Sparkline Capital, after reading his latest blog post. His answer? It's not what most investors expect—and it goes way beyond headlines about tariffs and retaliation. We discuss: • The two key dimensions of trade exposure: sales and supply chains • Why global firms have historically outperformed—despite higher risk • The concept of a “geopolitical risk premium” • How intangibles like brand equity and human capital change the game • What investors can do today to stay globally exposed without losing sleep Sources: Investing Amid Trade Wars by Kai Wu: https://www.sparklinecapital.com/post/investing-amid-trade-wars International Intangible Investing by Kai Wu: https://www.sparklinecapital.com/post/international-intangible-value Subscribe for more insights on diversification, market trends, and smart investing strategies! Website & Disclosures For more educational resources, visit our website: https://www.alphaarchitect.com Disclosures: https://www.alphaarchitect.com/disclosures…
The Trump Bear Trap: Volatility, Tariffs, and Factor Frustration Markets whipsawed through April, with sudden drawdowns, massive rebounds, and political catalysts fueling confusion. In this episode of the Alpha Architect Roundup, we break down whether this is a true bear trap—or just the cost of being a long-term, evidence-based investor. Key Topics Covered: •Is this a bear trap or just market noise? •The impact of Trump’s tariff threats and 90-day delays •Why GDP shrank—and whether it means recession •Crisis alpha and trend following: when should it work? •Small-cap drawdowns and doubts about the size premium •Do value and momentum still deserve investor trust? •What it takes to stick with factor investing through pain Timestamps: 00:00 –Intro/ Factor investing should be hard 01:27 – April volatility: bear trap or bull trap? 06:39 – "Kicking the can down the road" 12:29 – GDP contraction: signal or noise? 15:31 – Crisis alpha and trend disappointment 19:49 – Is the size premium dead? 21:40 – Factors and the problem of timing 27:04 – Are factors dead? 36:49 – Is technical analysis for n00bs? 40:12 – Final thoughts Subscribe for more insights on diversification, market trends, and smart investing strategies! Website & Disclosures For more educational resources, visit our website: https://www.alphaarchitect.com Disclosures: https://www.alphaarchitect.com/disclosures…
Is option hedging worth it — or just an expensive insurance policy? We sat down with Joe DeSipio, Chief Market Strategist at Arin Risk Advisors, to explore how professional investors think about using options for hedging, portfolio construction, and opportunistic trading. In this conversation, we cover: • Why put options are often overpriced, and what to do about it • The rise of retail interest in options and its effects in market-making • How to navigate "explanation risk" with clients • Why 0DTE options aren’t the threat some think they are • Using options as a complement for traditional portfolios • Dynamic vs. static hedging: when to use each approach • The efficiency (and inefficiencies) of the options market • Why RoaringKitty changed the world of options for the best Subscribe for more insights on diversification, market trends, and smart investing strategies! Website & Disclosures For more educational resources, visit our website: https://www.alphaarchitect.com Disclosures: https://www.alphaarchitect.com/disclosures…
Submit your questions! Email: jose@alphaarchitect.com Welcome to the Alpha Architect Round up, where we talk market news, trends and answer any questions you may have through an evidence-based lens. In this special edition, we dive deep into trend following, macro momentum, equity valuations, and the market reaction to major trade policy shifts. In this episode: •Does the 200-day moving average still "work"? •April’s tariff news and the return of protectionism •Market volatility and what the VIX is really saying •Trend following vs. macro momentum •Equity valuations and the risks of concentration •The role of Treasury duration in portfolios •And yes... a few predictions for May Subscribe for more insights on diversification, market trends, and smart investing strategies! For more educational resources, visit our website: https://www.alphaarchitect.com…
Submit your questions! Email: jose@alphaarchitect.com Welcome to the Alpha Architect Roundup! In this episode, we dive deep into: Factor investing strategies – How much should you concentrate a portfolio? Separate vs. combined factor funds – What’s the best approach? Regression vs. characteristics – Which method is more effective? Rebalancing factor portfolios – How frequently should you adjust? U.S. dollar weakness – Should investors change their strategy? Strategic Crypto Reserve?! What are the implications for investors? Whether you’re a seasoned investor or just getting started, this video offers practical strategies and expert insights to help you navigate factor investing, market trends, and portfolio construction. 👉 Like, subscribe, and share with your friends! 📚 For more investing insights, visit https://AlphaArchitect.com/subscribe 📲 Follow us on X (formerly Twitter) for real-time updates! Follow the Team on X: Wes Gray, PhD: https://x.com/alphaarchitect Jack Vogel, PhD: https://x.com/jvogs02 Ryan Kirlin: https://x.com/RyanPKirlin Jose Ordoñez Jr: https://x.com/JOrdonezJr Disclosures: https://www.alphaarchitect.com/disclosures…
Submit your questions! Email: jose@alphaarchitect.com Welcome to the Alpha Architect Roundup! In this episode, we dive deep into: NVDA's $500B stock wipeout – What happened and why? AI investing risks – Is the AI bubble bursting? Tariff wars & macro trends – How will they impact markets? Portfolio strategies – Should investors adjust their holdings? Momentum investing risks – Could Nvidia’s drop signal a shift? US stock market concentration – Are mega-cap stocks too risky? Factor investing insights – How to stay ahead in 2025 Whether you’re a seasoned investor or just getting started, this video offers practical strategies and expert insights to help you navigate today’s volatile market. Don’t miss the discussion on Nvidia, AI stocks, tariffs, and portfolio risks! 👉 Like, subscribe, and share with your friends! 📚 For more investing insights, visit AlphaArchitect.com/subscribe 📲 Follow us on X (formerly Twitter) for real-time updates! Follow the Team on X: Wes Gray, PhD: https://x.com/alphaarchitect Jack Vogel, PhD: https://x.com/jvogs02 Ryan Kirlin: https://x.com/RyanPKirlin Jose Ordoñez Jr: https://x.com/JOrdonezJr 📜 Disclosures: AlphaArchitect.com/disclosures…
Submit your questions! Email: jose@alphaarchitect.com Welcome to the Alpha Architect Roundup! In this episode, we dive deep into : - Rising treasury yields and bond market signals - Inflation risk - iShares filing for a managed futures ETF - Everyone's desert island investment factors - Factor investing outlook for 2025 - How GameStop (GME) may be a value stock - DJT stock and the underlying play Whether you’re an experienced investor or just getting started, this video offers practical strategies and insights to help you stay ahead. Don’t miss the discussion on meme stocks, short squeezes, and what to watch for in 2025! 👉 Like, subscribe, and share with your friends 📚 For more educational content, visit AlphaArchitect.com/subscribe. 📲 Follow us on X (formerly Twitter) for real-time updates! Wes Gray, PhD: https://x.com/alphaarchitect Jack Vogel, PhD: https://x.com/jvogs02 Ryan Kirlin: https://x.com/RyanPKirlin Jose Ordoñez Jr: https://x.com/JOrdonezJr…
To subscribe to the Alpha Architect blog head to alphaarchitect.com/subscribe How to invest in 2025? If you're setting goals for the new year, one of them might be to start investing, improve your investment strategy, or simply manage your money more effectively in 2025. To help, we’ve invited our CEO and CIO, Wes Gray, to share insights on how he started his investing journey, the opportunities he sees for 2025 and beyond, and key considerations for investors. Whether you're a beginner or an experienced investor, this video offers potential valuable guidance for the year ahead. 0:00 - Intro/ The Grinch-Mobile 2:54 - Wes's Investing Journey 6:57 - Opportunities in 2025 (and Beyond?) 9:57 - Why Can Value and Momentum Work? 14:18 - How to Weight Value and Momentum? 17:10 - Index Investing? 19:55 - How to Diversify 22:40 - 100% Stocks? 25:13 - 2025 Goals 27:11 - Systems Over Outcomes 32:03 - Conclusions/ Outro Disclosures: https://alphaarchitect.com/disclosures…
Submit your questions! Email: jose@alphaarchitect.com For more educational resources, check out the Alpha Architect blog. https://www.alphaarchitect.com/subscribe Follow us on X: Wes Gray, PhD: https://x.com/alphaarchitect Jack Vogel, PhD: https://x.com/jvogs02 Ryan Kirlin: https://x.com/RyanPKirlin Jose Ordoñez Jr: https://x.com/JOrdonezJr The Economist Article: https://www.economist.com/finance-and-economics/2024/11/21/should-investors-just-give-up-on-stocks-outside-america Welcome to the Alpha Architect Round Up. Every month the Alpha Architect crew gets together and talks financial trends and news with an evidence-based outlook. In this episode, we look back to 2024 to reminisce on the lessons learned and look forward to 2025 to see where markets are going. 0:00 - Intro 0:58 - 2024 Retrospective 9:25 - US Concentration 15:50 - US CAPE Valuation 18:52 - International Mean Reversion 26:11 - 2025 Predictions 29:07 - Benjamin Graham the Factor Investor? 34:40 - Favorite Investors 38:40 - Outro Disclosures: https://alphaarchitect.com/disclosures.…
Submit your questions! Email: jose@alphaarchitect.com For more educational resources, check out the Alpha Architect blog. https://www.alphaarchitect.com/subscribe Follow us on X: Wes Gray, PhD: https://x.com/alphaarchitect Jack Vogel, PhD: https://x.com/jvogs02 Ryan Kirlin: https://x.com/RyanPKirlin Jose Ordoñez Jr: https://x.com/JOrdonezJr Jack's paper "Long Only Value Investing: Does Size Matter?": https://alphaarchitect.com/wp-content/uploads/2022/11/AA-JBISFactorInvesting22LongOnlyValueInvesting.pdf St. Petersburg momentum blog: https://alphaarchitect.com/2019/04/momentum-factor-investing-in-russia/ Welcome to the Alpha Architect Round Up. Every month the Alpha Architect crew gets together and talks financial trends and news with an evidence-based outlook. In this episode, we'll touch on multi factor portfolio construction, and how a sequential approach differs from a joint screening process. Additionally, we answer listener questions regarding commodities exposures vs. managed futures, factor reliability and EBIT-to-TEV multiples. 0:00 - Intro 1:07 - Joint Multifactor Screens vs. Sequential 14:52 - Commodities vs. Managed Futures 21:37 - Are Factors Noise? 28:27 - EBIT-to-TEV vs. Earnings-to-TEV 30:50 - Outro Disclosures: https://alphaarchitect.com/disclosures.…
Submit your questions! Email: jose@alphaarchitect.com For more educational resources, check out the Alpha Architect blog.www.alphaarchitect.com/subscribe Follow us on X: Wes Gray, PhD: x.com/alphaarchitect Jack Vogel, PhD: x.com/jvogs02 Ryan Kirlin: x.com/RyanPKirlin Jose Ordoñez Jr: x.com/JOrdonezJr Welcome to the Alpha Architect Round Up. Every month the Alpha Architect crew gets together and talks financial trends and news with an evidence-based outlook. This month we talk about the AQR's Cliff Asness's new paper "The Less-Efficient Market Hypothesis" and review his claims regarding the market becoming less efficient over the past 30 years, valuation spreads as an indication of inefficiency, speeds vs. accuracy of markets, indexing, low interest rates and social media contagion. Additionally, we answer questions on tactical asset allocation, permanent tail hedging and equity contracts in managed futures. 0:00 - Intro/ 2k Subs! 1:58 - Valuation Spreads & Market Efficiency 7:29 - Speed vs. Accuracy 20:26 - Indexing & Efficiency 24:22 - Low Interest Rates & Efficiency 30:35 - Social Media & Efficiency 39:56 - Tactical Asset Allocation 44:54 - Permanent Tail Hedging 48:05 - Equity Contracts in Managed Futures 51:21 - Outro Sources:Asness, Cliff S., The Less-Efficient Market Hypothesis (August 30, 2024). 50th Anniversary Issue of The Journal of Portfolio Management, Forthcoming. Disclosures: alphaarchitect.com/disclosures.…
Submit your questions! Email: jose@alphaarchitect.com For more educational resources, check out the Alpha Architect blog. https://www.alphaarchitect.com/subscribe Financial Repression Blog: "Low or High Inflation? Nope, Stealthy Government Debt Liquidation!": https://alphaarchitect.com/2015/03/stealth-government-debt-liquidation/ Jack's "Long-Only Value Investing: Does Size Matter?" Paper: https://alphaarchitect.com/wp-content/uploads/2022/11/AA-JBISFactorInvesting22LongOnlyValueInvesting.pdf Follow us on X: Wes Gray, PhD: https://x.com/alphaarchitect Jack Vogel, PhD: https://x.com/jvogs02 Ryan Kirlin: https://x.com/RyanPKirlin Jose Ordoñez Jr: https://x.com/JOrdonezJr Welcome to the Alpha Architect Round Up. Every month the Alpha Architect crew gets together and talks financial trends and news with an evidence-based outlook. This month we talk about the recent NVDA earnings and subsequent stock crash, the macro landscape, fixed income trend, yield curve un-inversion, financial repression, factor glide paths and the size factor. 0:00 - Intro 1:20 - NVDA Crash 6:42 - How to Pick Stocks? 13:00 - Fixed Income Trends & Yield Curve Un-Inversion 18:08 - Financial Repression 27:55 - Factor Glide Paths 35:55 - Size and Value 45:24 - Outro Disclosures: https://alphaarchitect.com/disclosures.…
Submit your questions! Email: jose@alphaarchitect.com For more educational resources, check out the Alpha Architect blog. https://www.alphaarchitect.com/subscribe Read Jack's paper on transaction costs: https://alphaarchitect.com/wp-content/uploads/2021/08/Factor_Investing_and_Trading_Costs.pdf Follow us on X: Wes Gray, PhD: https://x.com/alphaarchitect Jack Vogel, PhD: https://x.com/jvogs02 Ryan Kirlin: https://x.com/RyanPKirlin Jose Ordoñez Jr: https://x.com/JOrdonezJr Welcome to the Alpha Architect Round Up. Every month the Alpha Architect crew gets together and talks financial trends and news with an evidence-based outlook. This month we talk about factor decay and ask the question: "Do factor portfolios survive publication decay and transaction costs?" We also look at the 2024 market crash and examine the root causes and what investors should do about it. 0:00 - Intro 1:11 - August Volatility 6:30 - What to Do in a Crash? 12:14 - Post-Publication Decay 29:42 - Factor Investing Trading Costs 36:24 - Sampling Biases 40:15 - Adaptive Markets 43:15 - Outro Sources: Chen, Andrew. Velikov, Mihail. Zeroing In on the Expected Returns of Anomalies. Journal of Financial and Quantitative Analysis, Vol. 58, No. 3, May 2023 (995): https://www.cambridge.org/core/services/aop-cambridge-core/content/view/945133D5A3ECEEAF466AEE91551FD225/S0022109022000874a.pdf/zeroing-in-on-the-expected-returns-of-anomalies.pdf Disclosures: https://alphaarchitect.com/disclosures.…
Ласкаво просимо до Player FM!
Player FM сканує Інтернет для отримання високоякісних подкастів, щоб ви могли насолоджуватися ними зараз. Це найкращий додаток для подкастів, який працює на Android, iPhone і веб-сторінці. Реєстрація для синхронізації підписок між пристроями.