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Investing/Strategies / Mechanical Investing
|Subject: Re: MIVLI: MI VL Index||Date: 12/14/2012 9:44 PM|
|Author: FlyingCircus||Number: 240553 of 252224|
If you cherry pick the things to put into your so-called index you learn nothing,
it's just another tuned blend.
So, as usual, your point is valid. Maybe the most important lesson learned is that most of the screens were over-tuned for the conditions under which they had been recently successful?
If the "index" returns from a random sample are generally mediocre, then does it not follow that most of the screen definitions and development were overtuned, mediocre and/or meaningless?
Which would lead to the question, why are we still carrying around a pile of overtuned, mediocre and/or meaningless/torpedoed screen definitions?
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