Michael, thanks for dedicating so much of your life to this topic. Your research and insight was what I have been looking for since finishing my MBA. I started that program thinking I would get an opportunity to discover how the “pros” in Wall Street perform their miracles. As you could surely guess I was very disappointed to realize how absolutely subjective the field of investment finance was and how easy it was to manipulate asset pricing models. Luckily, I was recently turned on to your work by some guys inside the trend following industry who speak very highly of you. I’m forever grateful to you and everyone else who has tried to point me in the right direction. I very much look forward to reading your future works.
Thanks Mike. I learned the same lessons in my MBA program.