DD Support Board and Research Team

[davidsson10]

Basically, to take it out of the weeds (which this forum is not really prepared for) and reduce it down into a nutshell, it helps explain why the average investor has trouble nailing down consistently good investment strategies. This first link makes it all a bit more digestible to the average reader; the second is a good introduction, doing a sufficient job of laying out the main points to understand (esp. the first two pages).

https://www.davidhbailey.com/dhbtalks/battle-quants.pdf

https://www.ams.org/notices/201405/rnoti-p458.pdf

This is my final comment on the topic, since such highfalutin' mathematical and statistical speculating isn't really necessary to the way I trade, invest, or view my relationship with the securities markets, though it may indeed be Disneyland for statisticians.