This is a summary of links featured on Quantocracy on Wednesday, 09/02/2015. To see our most recent links, visit the Quant Mashup. Read on readers!
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Systems building – Checks and balances [Investment Idiocy]Driverless cars are, apparently, very close to commercial reality. I don't know about you but there is something pretty scary about a computer being completely in control of a complex process, which could have catastrophic consequences if it went wrong. Ah it was nothing. You should have seen the other guy… (From autospies.com) That might seem a strange atti
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How Can a Strategy Everyone Knows About Still Work? [AQR]Some assert that once a strategy is discovered it cant work anymore. Others, often implicitly, assume the future will look as wonderful as the past. Perhaps not surprisingly, we stake out a middle ground. Were going to argue that certain well-known classic strategies that have worked over the long term will continue to work going forward, though perhaps not at the same level and wit
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Gray et al., DIY Financial Advisor [Reading the Markets]Models beat expertsor, stated more cautiously, models typically beat experts. This is the rallying cry of DIY Financial Advisor: A Simple Solution to Build and Protect Your Wealth (Wiley, 2015) by Wesley R. Gray, Jack R. Vogel, and David P. Foulke, all managing members of Alpha Architect. Whether or not you believe this claimand despite the seeming preponderance of evidence in its fav
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Stock Returns Around Labor Day [CXO Advisory]Does the Labor Day holiday, marking the end of summer vacations, signal any unusual return effects by refocusing U.S. stock investors on managing their portfolios? By its definition, this holiday brings with it any effects from the turn of the month. To investigate the possibility of short-term effects on stock market returns around Labor Day, we analyze the historical behavior of the s