Gerard O’Reilly – value investing, active versus passive, ETFs

Today’s conversation is with the Co-CEO, CIO of Dimensional Fund Advisors (DFA), a $600B investment manager and pioneer in systematic investing. Previous guests in our series have offered their market perspectives. DFA, in contrast, takes a more scientific approach to investing by relying on established academic research. Alex and Co-CIO Damien Bisserier engage Gerard in an interesting discussion about the financial theories that underlie DFA’s investment process, a comparison of passive versus active investment approaches, the extended bear market in value investing (which remains a central tenet of their philosophy), and the benefits of exchange traded funds (ETFs).