Gerard O'Reilly, Dimensional Fund Advisors: Innovation, Engineering, and the Power of Prices

Gerard O’Reilly serves as Co-Chief Executive Officer and Chief Investment Officer of Dimensional Fund Advisors LP and has been with Dimensional since 2004. Since joining the firm, Gerard has been instrumental in the evolution of Dimensional’s systematic approach to creating and implementing investment solutions. He is Co-Chair of the firm’s Investment Research Committee and a member of the Investment Committee, which oversees portfolio and account management. Prior to joining Dimensional, Gerard obtained his PhD in aeronautics from the California Institute of Technology. He holds a Master of Science degree in high performance computing from Trinity College Dublin in his native country of Ireland. In today's episode, Gerard shares his journey to DFA and what makes DFA unique. We spend some time discussing the pros and cons of index funds, DFA’s recent launch of ETFs and conversion of Mutual Funds into ETFs, and their upcoming launch of SMAs. We also discuss expected returns, the need to account for the unexpected, and the longer-term viability of the size, value, and profitability premiums, along with the discipline needed to capture these premiums over time. Our local co-hosts today are Frank Garcia, CFA, president of the CFA Society of Orlando, and Steve Curley, CFA, board member and former president of the CFA Society Orlando. Please enjoy the episode. Follow the CFA Society of Orlando on Twitter at @CFAOrlandoFL  

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The award* winning Investors First Podcast is a service of CFA Society Orlando. Subject matter experts from our Society interview Founders, Chief Executive Officer’s, Chief Investment Strategists, Fed Presidents and more to discuss timely and relevant topics in finance. Our mission is to educate investors and investment professionals in Florida, the Americas and beyond, with a focus on making you a more informed investor and/or advisor. *The CFA Institute awarded CFA Society Orlando the 2020 Impact and Innovation Award for the Investor’s First Podcast. Previous guests include Patrick O’Shaugnessy, Liz Ann Sonders, Barry Ritholtz, Federal Reserve Bank President Raphael Bostic, Dr. David Kelly, Mark Yusko, Annie Duke, Morgan Housel, Peter Zeihan, and Meb Faber. CFA Society Orlando is a member of the CFA Institute's Network of over 150 societies globally. The majority of its members hold the Chartered Financial Analyst (CFA) designation, which is considered the most respected and recognized investment management credential in the world. Fewer than 1 in 5 candidates who begin the program end up successfully earning the CFA charter. Successful candidates take an average of four years to complete the program.