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Naive Investment Strategy vs. Sophistication and Optimization

Optimal diversification is one of the key insights of modern portfolio theory, however, due to estimation errors, theory-based portfolio strategies are not as good as one once thought; under some circumstances, the difference between sophisticated models and naive strategy is not statistically significant. Naive Investment Strategy (Naive Diversification) is instinctive


SnapChat Gets Put On Probation

Snapchat, the popular instant photo-messaging app that recently declined a huge offer from Facebook, has been dishonest lately according to the FTC. According to the FTC, SnapChat has systematically deceived its customers as how they use their personal information: Snapchat, the developer of a popular mobile messaging app, has agreed
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