The MoneyScience website has recently had a dramatic change. It now has a social infrastructure, and the resources are better organized.  Here I report on the discoveries I've made [...]

Low volatility investing and performance measurement -- my favorite topic scheme -- how could I resist? The paper The paper is "Benchmarking Low-Volatility Strategies" by David Blitz and Pim [...]

Graphs like Figure 1 are reasonably common.  But they are not reasonable. Figure 1: A (log) price series with an explicit guide line. Some have the prices on a [...]