This is a summary of links featured on Quantocracy on Friday, 02/17/2017. To see our most recent links, visit the Quant Mashup. Read on readers!
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Will ETFs Destroy Factor Investing? Nope. [Alpha Architect]One of the popular investing truisms is the following (inspired by Bill Sharpe): For somebody to beat the market (win) someone else has to lag the market (lose). This becomes an even more daunting (efficient market) statement when changed to the following: For someone to consistently beat the market (win) someone else has to be consistently willing to lag the market (lose). This correctly implies