Don't Tinker!

Take a good stock-picking strategy and tweak it a bit to make it better — many investors do just that, and it sounds like a good idea, right? Nope, writes Validea’s John Reese in a piece for Canada’s Globe and Mail.

Good Quant, Bad Quant

MarketWatch’s Paul Farrell recently offered up a scathing critique of “quants”, complete with this eye-catching subhead: “By Predicting Your Behavior, Quants Control Your Mind, Money, the Markets”. Since I run what could be considered “quantitative strategies” both on my web site, Validea.com, and in my money management business, I was interested to see what Farrell had to say about quants and their impact on the market. To be sure, quants play a big role on… Read More