경제적 인사이트가 뒷받침되지 않은 전략은 헛소리이며, 우연이다. Novy-Marx (2014)

Novy-Marx, R., 2014. Predicting anomaly performance with politics, the weather, global warming, sunspots, and the stars. Journal of Financial Economics, 112(2), pp.137-146. http://rnm.simon.rochester.edu/research/PPiCToAPA.pdf https://www.sciencedirect.com/science/article/pii/S0304405X14000208 Predicting anomaly performance with politics, the weather, global warming, sunspots, and the stars Predictive regressions find that the party of the US president, the weather in Manhattan, global warming, ...

원문링크 : 경제적 인사이트가 뒷받침되지 않은 전략은 헛소리이며, 우연이다. Novy-Marx (2014)