What, me worry?
—Alfred E. Neuman
JOHN MAYNARD KEYNES ONCE SAID, “If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.” I do not know what it is about dentists, but Warren Buffett also said, “Full-time professionals in other fields, let’s say dentists, bring a lot to the layman. But in aggregate, people get nothing for their money from professional money managers.”
Unfortunately, I am too old to attend dental school. As an alternative, I came up with dual momentum. Doing so has been an interesting and rewarding adventure.
Eugene Fama said that the aim of model development is to get you to know more about the markets afterward than ...