Book description
A must-read book on the quantitative value investment strategy
Warren Buffett and Ed Thorp represent two spectrums of investing: one
value driven, one quantitative. Where they align is in their belief
that the market is beatable. This book seeks to take the best aspects
of value investing and quantitative investing as disciplines and apply
them to a completely unique approach to stock selection. Such an
approach has several advantages over pure value or pure quantitative
investing. This new investing strategy framed by the book is known as
quantitative value, a superior, market-beating method to investing in stocks.
Quantitative Value provides practical insights into an
investment strategy that links the fundamental value investing
philosophy of Warren Buffett with the quantitative value approach of
Ed Thorp. It skillfully combines the best of Buffett and Ed
Thorp-weaving their investment philosophies into a winning,
market-beating investment strategy.
- First book to outline quantitative value strategies as they are
practiced by actual market practitioners of the discipline
- Melds the probabilities and statistics used by quants such as Ed
Thorp with the fundamental approaches to value investing as
practiced by Warren Buffett and other leading value investors
- A companion Website contains supplementary material that allows
you to learn in a hands-on fashion long after closing the book
If you're looking to make the most of your time in today's markets,
look no further than Quantitative Value.
WESLEY R. GRAY, PhD, is the founder and executive
managing member of Empiritrage, LLC, an SEC-registered investment
advisor; and Turnkey Analyst, LLC, a firm dedicated to educating and
sharing quantitative investment techniques to the general public. He
is also an assistant professor of finance at Drexel University's LeBow
College of Business, where his research focus is on value investing
and behavioral finance. Professor Gray teaches graduate-level
investment management and a seminar on hedge fund strategies and
operations. His professional and leadership experiences include over
fourteen years building systematic trading systems, trading special
situations, and service as a U. S. Marine Corps intelligence officer
(Captain) in Iraq and various posts in Asia. Dr. Gray earned an MBA
and a PhD in finance from the University of Chicago Booth School of
Business. He graduated magna cum laude with a BS in economics from the
Wharton School, University of Pennsylvania.
TOBIAS E. CARLISLE, LLB, is the founder and managing member of
Eyquem Investment Management LLC, portfolio manager of the Eyquem Fund
LP, and the author of the award-winning website greenbackd. com, which
covers deep value, contrarian, and activist investment strategies. He
has extensive experience in activist investment, company valuation,
public company corporate governance, and mergers and acquisitions law.
Prior to founding Eyquem, Carlisle was an analyst at an activist hedge
fund, general counsel of a company listed on the Australian Stock
Exchange, and a corporate advisory lawyer. As a lawyer specializing in
mergers and acquisitions, he has advised on transactions across a
variety of industries in the United States, the United Kingdom, China,
Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and
Guam, ranging in value from million to . 5 billion. He is a graduate
of the University of Queensland in Australia with degrees in law and
business (management).
