This is a summary of links featured on Quantocracy on Saturday, 09/26/2015. To see our most recent links, visit the Quant Mashup. Read on readers!
-
Empirical Finance: Meeting Fiduciary Standards Through Skepticism, Not Cynicism [GestaltU]Michael Edesses is out with a scathing article lambasting the field of empirical finance. He draws inspiration from Harvey, Liu and Zhus (HLZ) recent article, entitled and the Cross Section of Expected Returns, but extends HLZs conclusions to an absurd limit. In this article, we discuss why we embrace the framework of healthy skepticism described by HLZ, but in the context of a more