OSTKO - The 'Factor Zoo': Some Thoughts On 'Is There A Replication Crisis In Finance?'

• A recent paper purports to show that academic research into factors is valid and that its results are replicable.
• I take a close look at the paper and read between the lines.
• I find that the authors' conclusions, while flawed, are valid and telling, and support the thesis that factor-based investing works.
• I unpack some of the factors that worked best in their extensive backtesting.

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