This is a summary of links featured on Quantocracy on Wednesday, 07/25/2018. To see our most recent links, visit the Quant Mashup. Read on readers!
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We Are All FX Traders Now [Alpha Scientist]It's easy to forget that virtually all asset classes we hold are priced in US dollar terms. Portfolio valuations are as impacted by the denominator (US dollars) as by the numerator (asset value) Commodity assets like oil and gold are highly (negatively) correlated to US dollar strength. Certain equity asset classes, especially emerging equities, are extremely negatively correlated to USD
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Conviction, evidence, and accepting ignorance [Factor Investor]Countless studies have demonstrated that incorporating feedback loops into life is beneficial. Want to improve at work; seek a mentor. Want to nix that slice; get a swing coach. Want to get in shape; find a trainer. Want to become a better surgeon; get a coach. When left to our own designs, discipline falls away and we fail to learn and grow. Investing is no different. Yet, because the topic of