Who should you be following on Twitter? Whether you’re an aspiring degen who is just getting started or a seasoned vet who has survived many ruggings, your Twitter feed is…
Consequences of Small Price Bias in Crypoasset Markets and their Implications for Token Issuers
Introduction: Asset prices matter To a rational value investor, the prices immediately before and immediately after a 3:1 stock split are immaterial. The fact that the stock now trades at…
Crypto Correlations: Diversification Benefits of Bitcoin and a Quantitative Review of Within-Crypto Correlations
Importance of Asset Correlations Many investors subscribe to Modern portfolio theory (MPT). MPT provides a model for how risk-averse investors can construct portfolios that maximize risk-adjusted returns (Sharpe ratio). It’s…