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Money Tree Investing

Alpha Architect – Wes Gray

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6658 Ratings

🗓️ 5 August 2022

⏱️ 59 minutes

🧾️ Download transcript

Summary

Wes Gray is a man of many talents. He was a Captain in US Marine Corp, has a PhD in Finance and Univ of Chicago, and now run Alpha Architect. We discuss a lot of areas on this episode. I know you will enjoy it.

We discuss the value of using common sense with the quant approach, whether Value investing is making a come back ( I like this one), poor man's managed futures, the biggest risks right now, when to use discretion, inflation protection, and more. 

 

Today's Panelists:

 

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Transcript

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0:00.0

Welcome to the Money Tree Investing Podcast.

0:04.7

Stock market, wealth, personal finance, value stocks, invest in your life.

0:11.1

Hello, the Smart Money Tree podcast listeners.

0:13.2

Welcome to this week's show.

0:14.4

My name's Kirk Chisholm and I will be your host.

0:16.8

So today we're talking with Wes Gray.

0:18.6

How you doing today, Wes?

0:19.7

Great.

0:20.3

Happy to be here,

0:21.0

Kirk. Glad to finally get Wes on the show. He's just a wealth of wisdom and want to just dive right in here.

0:26.4

But before we do, Wes, when do you tell us a bit about your background? I am a former United States Marine,

0:32.3

which is a unique aspect to be an asset manager. And I have a MBA PhD from University of Chicago left there. I was a

0:40.3

professor. And then simultaneously to when I started being a finance professor, I actually got

0:46.0

cold call by a billionaire who had read my blog and read my dissertation. And kind of while I was

0:52.8

professing, I was also getting put in business by this huge family office. That was back in 2010. And ever since then, we've just been operating an asset. I end up leaving my professor job. I think that was 2015. So seven, eight years ago now. And we now run an asset manager firm where we do manage accounts.

1:12.0

We run ETFs. We have our own ETFs, et cetera.

1:15.5

It's a good segue here. How does it compare the academia to the practical nature of investing?

1:22.2

What did you see as kind of the biggest differences?

1:24.5

The one thing I would say is like, so getting a PhD is generally a waste of time

1:28.8

in the sense that if you want to be a practitioner, you know, try to make money. Being a PhD or having a

1:35.0

PhD is not really a good use of time because you've got to spend four or five years of your life,

1:39.1

getting hazed by professors and like doing research, you know, blowing your brains out in the back room on a

...

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