The Alpha Architect, LLC team of Wes Gray, Jack Vogel, and David Foulke has produced a dynamic, fun, and accessible text that has the power to free readers from agonizing over implementing a disciplined investment process and making investment decisions. The processes offered convincingly depict a route to success in investing. The authors present ample evidence that provides simple solutions to achieving selected investment objectives considering asset class risks and correlations among domestic and foreign stocks, US Treasuries, US real estate, and commodities.
The book is divided into two parts: Why You Can Beat the Experts, and How You Can Beat the Experts. This division aids the book’s overall purpose: to provide a sensible and systematic introduction to “doing investments yourself.” Why You Can Beat the Experts is fun to read and direct in its message. The authors question the real value of so-called experts. While the experts have access to information, more data, and experience, they are often wrong. Think about it: why would more data necessarily support better investment decisions? Rather than analyzing data until blue in the face, why not model the investment process? The authors “bust” many investment myths in this section of the book, and in doing so, entice the reader to pursue systematic decision-making—and be healthy skeptics.