Democratize Quant-logo

Democratize Quant

Business & Economics Podcasts >

The Alpha Architect mission is to empower investors through education, and our Democratize Quant podcast 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 long-horizon active investor. As Ben Franklin is reputed to have said, “An investment in knowledge pays the best interest.”

The Alpha Architect mission is to empower investors through education, and our Democratize Quant podcast 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 long-horizon active investor. As Ben Franklin is reputed to have said, “An investment in knowledge pays the best interest.”
More Information

Location:

United States

Description:

The Alpha Architect mission is to empower investors through education, and our Democratize Quant podcast 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 long-horizon active investor. As Ben Franklin is reputed to have said, “An investment in knowledge pays the best interest.”

Language:

English

Contact:

215-882-9983


Episodes

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

8/5/2019
More
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 Collectibles https://alphaarchitect.com/2019/07/22/research-on-the-financial-performance-of-collectibles/ Purchasing Managers’ Index (PMI) and Factor Performance...

Duration:00:09:14

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

7/26/2019
More
Value Investing & Concentration https://alphaarchitect.com/2019/07/18/value-investing-concentration/ Strategies to Reduce Crash Risk in Stocks https://alphaarchitect.com/2019/07/16/strategies-to-reduce-crash-risk-in-stocks/

Duration:00:21:35

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

7/19/2019
More
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 markets. The third paper, summarized by Larry Swedroe, examines a way to enhance L/S momentum portfolios. The last article discusses Momentum,...

Duration:00:12:57

Compound Your Knowledge: Stock Buybacks

7/5/2019
More
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 Buybacks https://alphaarchitect.com/2019/07/01/debunking-myths-about-stock-buybacks/

Duration:00:09:55

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

7/1/2019
More
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 Gain https://alphaarchitect.com/2019/06/26/trend-following-the-epitome-of-no-pain-no-gain/ Large-Cap Price-to-Book Investing: What is Dead May Never Die...

Duration:00:15:45

Compound Your Knowledge: Affiliated Funds, Diversification

6/25/2019
More
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-funds/ Asset Diversification in a Flat World. https://alphaarchitect.com/2018/11/01/asset-diversification-in-a-flat-world/ The views and...

Duration:00:11:32

Compound Your Knowledge Betting Against Beta, The Conservative Formula, Benchmarks

6/25/2019
More
Compound Your Knowledge Betting Against Beta, The Conservative Formula, Benchmarks by Democratize Quant with Alpha Architect

Duration:00:16:56

Compound Your Knowledge: Diversification, Investment CAPM, Factor Investing

6/25/2019
More
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 Swedroe, which examines Portfolio Construction for factor funds. Video Links/Notes Summing Up the Potential Benefits and Pitfalls of Diversification...

Duration:00:19:11

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

6/25/2019
More
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 deal with the fact that we make investment decisions in an uncertain world. Last, I examine a post by Tommi, summarizing a paper showing that even...

Duration:00:10:46

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

6/25/2019
More
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 Shanbhag, examines the benefits of Tax-Loss Harvesting (TLH). The last article, written by Larry Swedroe, takes a deep dive into two explanations for...

Duration:00:16:13

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

6/25/2019
More
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 strategy. Paper Links: Can Your Alpha Cover the Tax Bill? Pro-Tip: The ETF Wrapper May Help....

Duration:00:16:25

Compound Your Knowledge: ESOPs, Factors, Incentives

6/25/2019
More
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 Finance a Seller Note 00:35 https://alphaarchitect.com/2019/01/23/1042-qrp-how-to-finance-a-seller-note/ Value, Momentum & Carry Across Asset...

Duration:00:15:54

Compound Your Knowledge: Factor Failure, China, EBITDA

6/25/2019
More
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://alphaarchitect.com/2019/01/28/the-failure-of-factor-investing-was-predictable/ Size and Value in China...

Duration:00:15:33

Compound Your Knowledge: Editorials On Machine Learning

6/25/2019
More
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 Simonian, Marcos Lopez de Prado, and Frank Fabozzi. In their paper, they discuss, at a high-level, how data science and machine learning can help...

Duration:00:16:13

Compound Your Knowledge: Factor Momentum, Value & Equity Comp

6/25/2019
More
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 an overview of equity compensation. Article Links: Is factor momentum really everywhere?...

Duration:00:15:30

Compound Your Knowledge: Factor Investing & Hedge Fund Performance

6/25/2019
More
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. Quarterly Index Analysis and Commentary: Q1 2019 https://alphaarchitect.com/2019/04/24/quarterly-index-analysis-and-commentary-q1-2019/ Only...

Duration:00:14:58

Compound Your Knowledge: Factors, Opportunity Zones, HFs

6/25/2019
More
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 on Hedge Funds and their role in reducing mispricing. Paper Links: Factor Investing Fact Check: Are Value and Momentum Dead?...

Duration:00:15:08

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

6/25/2019
More
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 Tommi, discussing a new Fama and French article highlighting the distribution of equity returns. A Simple Analysis of 2018 U.S. Factor Returns...

Duration:00:15:52

Compound Your Knowledge: Investor Confidence & Issues With Factor Investing

6/25/2019
More
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 Market https://alphaarchitect.com/2019/04/15/aggregate-investor-confidence-in-the-stock-market/ The Factors that Plague Factor Investing...

Duration:00:17:07

Compound Your Knowledge: Financial Advice, The Global Market Portfolio

6/25/2019
More
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 Portfolio https://alphaarchitect.com/2018/11/26/a-proxy-for-the-unobservable-global-market-portfolio/ Is Financial Advice Conflicted or Is It Simply Misguided...

Duration:00:12:21