No. of Recommendations: 14
Maybe give us books to read that could help us develop our own systems.I have no idea if any of the ideas found in this book are part of Zee's system(s), but conceptually this book seems solid:
https://www.amazon.com/Research-Driven-Investor-In...This was written by Timothy Hayes of Ned Davis Research (ndr.com).
There's good news and bad news with this book:
1. A lot of concepts are well presented and explained, and it includes numerous studies showing how various strategies could improve overall performance. I liked the layout because it built on macroeconomics, and then worked it's way "down" into more specific things regarding what to invest in and when. Full disclosure: it's been *well* over 10 years since I've read this book, having gotten busy with work and other things in life (now that I'm retired, I've got some time!)...
2. The book is dated, having come out around 2000. On one hand, we all want to see how these various studies have done over the last 24 years... That, by definition, won't be found in this book. But on the other hand, to the extent that data can be found (?), it should be possible to update the studies found in this book and see how well various things have worked out of sample. Having fallen into the trap of curve fitting on historical data more times than I care to admit, this is pretty valuable to me.
I'm traveling right now, and will be for a while, but my plan when we get back home is to start the process of finding data and testing a number of the studies defined in this book. I'm happy to share what I learn on this board, particularly if there's interest. Many things have already been explored here, and many things may be a dead end. If I were a betting man, I suspect it will reenforce how difficult it is to find things that can stand the test of time, but I may be proven wrong!
On the other hand, perhaps there are a few solid concepts that can help. And... maybe (just maybe) it will keep me from over-trading if I'm busy with some projects!
Lee
