Letture per il week-end

Non ci voleva AI per capirlo…: Diversification is Causing Active Managers to Underperform. AI Could Fix It.

Si può dire “WTF???” Norway Drugmaker Turns Oil Trader And Quickly Loses Millions
 
A proposito di correlazioni: The Hot New Asset Class Is Lego Sets

Guess what? Not everyone loves the science. Trying to shoehorn Legos into model of factor returns strikes some people as a little silly and creates the potential for human judgment to distort findings. First among the hazards is the possibility that everything is explained by happenstance -- a criticism that looms over many factor models.
“If you think about all the academics in the world, there are a lot of them, and all of them are looking for something interesting to say and it’s always going to be related to the Fama-French factor,” said Roberto Croce, Managing Director, senior portfolio manager at BNY Mellon. “Someone is going to find something that is correlated. Purely by randomness that’s going to happen. I’d take it with a grain of salt.”

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