The Terrain Moves: Robert Shiller on Models, Markets and Adaptation
Robert Shiller’s “work in progress” answer is a reminder that market models describe adaptive behaviour, not fixed terrain.
A Profitable Pattern Is a Question: Eugene Fama’s Test for Trading Edges
Eugene Fama’s two pillars of asset pricing provide a practical test for deciding whether a promising trading pattern is mispricing, hidden risk or a modelling weakness.
The Invisible Race: What Happens Inside 5–10 Microseconds
Research into FTSE 100 message data reveals how latency-arbitrage races unfold at a horizon most market screens never show.
When Complexity Earns Its Place: Robert Merton’s Test for Trading Models
Robert Merton’s bridge from mathematical theory to practical consequences offers a useful standard for every sophisticated trading model.