This is a summary of links featured on Quantocracy on Thursday, 04/11/2019. To see our most recent links, visit the Quant Mashup. Read on readers!
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Investment Strategy in an Uncertain World [Alpha Architect]In 1921, University of Chicago Professor Frank Knight wrote the classic book Risk, Uncertainty, and Profit. An article from the Library of Economics and Liberty described Knights definitions of risk and uncertainty as follows: Risk is present when future events occur with measurable probability. Uncertainty is present when the likelihood of future events is indefinite or incalculable. In