We study Billioness and this is episode 122 of The Masters Podcast.

Broadcasting from Bel Air, Maryland. This is The Investors Podcast.

They'll read the books and summarize the lessons. Don't test the waters and tell you what it's called.

They'll give you actionable investing strategies.

Your host Preston Pish and Sting Broderson.

Hey, how's everybody doing out there? This is Preston Pish and I'm your host for The Investors Podcast.

And as usual, I'm a company by my co-host Sting Broderson, out in Seoul, South Korea.

And we have an exciting interview for you today because we have one of our good friends, Wesley Gray, with us today.

And if you haven't heard our previous episode with Wes, you're in for a treat because he is insanely bright.

And you're going to find that out real soon here as we start asking him some amazing questions.

So Wes got his undergrad at Wharton. He went to Chicago Booth. He has a PhD. He's written four books.

Last time he was here, we were talking a little bit more about his book Quantitative Value.

But today, Wes has a new book that has recently come out.

And we talked about this just a little bit on the first episode about mixing momentum investing with value investing.

And Wes, correct me if I'm wrong, but I would say that you have your roots in value investing. Is that a correct statement?

100% correct. I'm a big Graham, intelligent investor, Bible Thumper, originally. Still land to this day. You got it.

But so you run in this crowd with Patrick O'Shaughnessy and a couple others. I know James is big on this. I know Toby's big on this.

Toby Carlyle, who's in our mastermind group, that you're mixing this value investor more and buff a Benjamin Graham approach.

But you're slightly mixing it with a little bit of momentum investing because when you've done all this back testing, you've been able to prove that you can actually get a better result by having this blend.

And correct me if I'm wrong, the blend is off the top of my head. I'm thinking it's around 70% value to 30% momentum.

Is it somewhere around in that figure? Would you say? Yeah, I mean, it really depends on on how you want to slice and dice it.

But the base idea is, you know, value works basically over action, the bad news momentum works.

...