Welcome to Animal Spirits, a show about markets, life, and investing.

Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.

Michael Batnick and Ben Carlson worked for Ritholz Wealth Management.

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions

and do not reflect the opinion of Ritholz wealth management.

This podcast is for informational purposes only. not be relied upon for

for informational purposes only and should not be relied upon for

investment decisions.

Clients of Ritholz wealth management may maintain positions in the securities

discussed in this podcast. Okay, we are sitting here with Wesley Gray, CEO of Alpha Architect and Jack Vogel with a V, CIO.

We're going to be talking about all things value and momentum,

and we're going to start with quantitative value.

So this index seeks to buy the cheapest, highest quality value stocks?

First question, can you still purchase stocks

at a discount to their intrinsic value?

That's a loaded question.

Who wants it?

I'll take it.

Hold on.

Hold on.

I'm gonna interrupt myself.

Sure.

...