About the Authors

Wesley R. Gray, PhD

After serving as a Captain in the United States Marine Corps, Dr. Gray received a PhD, and was a finance professor at Drexel University. Dr. Gray's interest in entrepreneurship and behavioral finance led him to found Alpha Architect, an asset management firm that delivers affordable active exposures for tax-sensitive investors. Dr. Gray has published four books and multiple academic articles. Wes is a regular contributor to the Wall Street Journal, Forbes, and the CFA Institute. Dr. Gray earned an MBA and a PhD in finance from the University of Chicago and graduated magna cum laude with a BS from The Wharton School of the University of Pennsylvania.

John (Jack) R. Vogel, PhD

Dr. Vogel conducts research in empirical asset pricing and behavioral finance, and has published two books and multiple academic articles. His academic background includes experience as an instructor and research assistant at Drexel University in both the Finance and Mathematics departments, as well as a Finance instructor at Villanova University. Dr. Vogel is currently a Managing Member of Alpha Architect, an SEC-Registered Investment Advisor, where he serves as the Chief Financial Officer and Co-Chief Investment Officer. He has a PhD in Finance and a MS in Mathematics from Drexel University, and graduated summa cum laude with a BS in Mathematics and Education from the University of Scranton.

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