Book Review: Quantitative Momentum
The book Quantitative Momentum by Wes Gray and Jack Vogel describes in detail how to build a momentum model. Backed up with the history of financial analysis, limitations of momentum investing and tons of backtested data. Thumbs up.
Charts and Wine on Wednesday
JC Parets, a very capable technician as well as fellow wine aficionado, wrote a great post on All Star Charts comparing sommeliers to technical analysts. Specifically, he discussed the methodical way in which sommeliers evaluate a wine during a tasting to the methodical way that a technical analyst reviews the weight of the evidence...
Active Management and Contrarian Thinking
I recently listened to an interview with Rob Arnott from Research Associates entitled "Rob Arnott on Why Active Managers Fail." Despite its poorly worded title (Rob explains why some active managers do outperform, see below), it's definitely worth a six minute listen...
Is Trading More Like Chess or Poker?
Listened to an interesting podcast where the Bloomberg Odd Lots people interviewed chess player Hikaru Nakamura, who achieved Grand Master status at a younger age than Bobby Fischer...
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