“A blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts.” Burton Malkiel (A Random Walk Down Wall Street) Since the 1990’s, factor-based quant strategies have risen in popularity.
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A Random Walk Down the Factor Zoo
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“A blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts.” Burton Malkiel (A Random Walk Down Wall Street) Since the 1990’s, factor-based quant strategies have risen in popularity.