Quote of the Week
From a recent post by Robert P. Seawright on the lure of complexity:
As always, investing is really hard. It is therefore imperative to keep things as simple as possible but no simpler. We should resist complexity for its own sake. Proper default settings and a data-driven approach are vital. The markets aren’t tuned. They are a boisterous cacophony of competing forces and interests. If we are to succeed, we need to keep things as simple as possible, but no simpler.
HT: Abnormal Returns