Great, great, great post on survivor bias (from a new academic paper by Xiaoqing Xu, and Anthony Loviscek of Seton Hall University):
“The average “hidden survivorship bias” is a whopping 0.54% per month or around 6% per annum according to the researchers. “
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What are the five most influential books in your life? (HT: AF).
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Sign of a slow Monday AM – just realized hyper-link in my new white paper ended up on “Mammoth Mountain Weather Forecast”.
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From Kottke:
The Planet Money podcast bought a toxic asset and is tracking what happens to the 2000+ mortgages that are bundled up into it over time.
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Altucher: Seven reasons why people hate me.
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Cool website: ETFReplay
