Quantitative Value
Quantitative Value 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. This new investing strategy framed by the book is known as a quantitative value, a superior, market-beating method for 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.
"Quantitative Value is a must read for those with a love of value investing and a desire to make the investment process less ad-hoc. A must read."
—Tony Tang, Ph.D., Global Macro Researcher and Portfolio Manager, AQR Capital Management
"Gray and Carlisle take you behind the curtains to build a black box based on the best value minds in finance. They combine academia's best ideas with the ideas of Buffet, Graham, and Thorp, to develop a quant system that performs in markets both good and bad."
— Mebane Faber, Author of The Ivy Portfolio and Portfolio Manager for Cambria Investment Management
"This book is an excellent primer to quantitative investing. It combines insights from both academic luminaries and successful professional investors, and presents them in a clear, engaging manner. The authors rigorously back-test simple strategies that can be used by the individual as well as institutional investor."
— Alex Edmans Ph.D., Finance Professor at The Wharton School, University of Pennsylvania
"Quantitative Value is the new guide to Graham-and-Doddsville. Gray and Carlisle synthesize the lessons of the great value investors to systematically identify high quality value stocks while avoiding common behavioral pitfalls."
— Tadas Viskanta, Founder and Editor, Abnormal Returns; Author of Abnormal Returns: Winning Strategies from the Frontlines of the Investment Blogosphere.
"We seek to marry Ed Thorp's quantitative approach to Warren Buffett's value investment philosophy." That's the approach we take in our value Investing class at UC Davis and Quantitative Value will become required reading for our class. The book we wish we would have written!"
— Lonnie J. Rush and Jacob L. Taylor, Managing Partners of Farnam Street Investments and Visiting Professors at UC Davis Graduate School of Management