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Jason Zweig – The Power of Serendipity - [Invest Like the Best, EP.03]
Invest Like the Best with Patrick O'Shaughnessy
The Use of Empirical Research for Building Strategies
We live in an age of academic, empirical research on markets. Can you talk a little bit about your just general scepticism about data? We have these assumptions that the equity markets are always going to do well overtime because of hundreds of years of data. It's like loading your gun with numbers instead of bullets, except the numbers can do even more damage than the bullets. I mean, i could literally talk for an entire day of answering that question.
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