If you have ever wondered whether you paid a fair price for a flight ticket or an apparel piece, you are not alone. Customers are often concerned about paying higher than the “fair value” of products and services. The fair value, however, is subjective. While customers expect the products to be reasonably priced based on… Read More »
The past decade has witnessed a revolution in the use of massive amounts of data for businesses’ decision-making. According to a report by Forbes, there were 2.5 quintillion bytes of data created each day in 2018. Most of the time, the volume of data is too great for people to handle. Thanks to the advancement… Read More »
How should long-term investors form portfolios? How should they evaluate securities, portfolios, and managers? How should they adapt to time-varying expected returns, volatilities, correlations; and many factors, signals, and strategies? Traditional asset management techniques provide very little guidance to these questions. Academic studies are often rooted in 50 or 70-year-old portfolio theories, as are… Read More »
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