This is a summary of links featured on Quantocracy on Wednesday, 12/26/2018. To see our most recent links, visit the Quant Mashup. Read on readers!
Managing Expectations During Steep Stock Market Drawdowns [Capital Spectator]A bull market can be a fragile thing. To paraphrase Hemingway, there are two ways that investing profits can turn into losses: gradually, then suddenly. The latter profile applies to the latest adjustment in the S&P 500s current drawdown. As recently as early October, the US stock markets drawdown was measured in a few basis points. By the close of trading on Christmas eve, the
Toys for Young (and Old) Investors? [CXO Advisory]Are premium toys attractive alternative investments? In their April 2018 paper entitled LEGO The Toy of Smart Investors, Victoria Dobrynskaya and Julia Kishilova study LEGO sets as an alternative investment. A secondary market for these sets with 10,000+ daily transactions, affordable to any retail investor, has evolved since 2000. Brickpicker.com tracks prices for each set (either new