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Wesley R. Gray Books

1 book·~10 min total read

Wesley R. Gray is an American author, investor, and academic.

Known for: Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors

Books by Wesley R. Gray

Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors

Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors

finance·10 min read

Quantitative Value presents a systematic approach to value investing that combines behavioral finance insights with quantitative analysis. The book outlines how investors can use data-driven models to identify undervalued stocks while avoiding common psychological biases. It provides practical guidance on building and automating investment strategies that emphasize discipline, transparency, and evidence-based decision-making.

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1

Behavioral Finance and the Limits of Human Judgment

I begin with a confession: I have made every psychological mistake an investor can make. Overconfidence, confirmation bias, loss aversion—you name it. And I am not alone. When we examine the empirical studies in behavioral finance, we find that even expert investors succumb to these traps. The human...

From Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors

2

Building a Quantitative Value Framework

Having confronted the reality of human fallibility, we move toward construction: the quantitative value model itself. The starting point is traditional value investing. Benjamin Graham and David Dodd taught us that buying stocks below intrinsic value yields superior returns over time. But defining i...

From Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors

About Wesley R. Gray

Wesley R. Gray is an American author, investor, and academic. He earned his Ph.D. in finance from the University of Chicago and has served as a finance professor at Drexel University. Gray is the founder of Alpha Architect, an investment management firm specializing in quantitative strategies. His r...

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Wesley R. Gray is an American author, investor, and academic. He earned his Ph.D. in finance from the University of Chicago and has served as a finance professor at Drexel University. Gray is the founder of Alpha Architect, an investment management firm specializing in quantitative strategies. His research focuses on behavioral finance, value investing, and systematic portfolio management.

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Wesley R. Gray is an American author, investor, and academic.

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