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FYI: Wes Gray and Tobias Carlisle’s “Quantitative Value” is an exceptionally well-written and voluminously researched book that anyone interested in value investing should read, whether you believe the source of the value premium is risk-based or behavioral-based. Regards, Ted http://www.etf.com/sections/index-investor-corner/swedroe-digging-deep-value?nopaging=1