Backtesting: What Is It Good For? [Part Two] – ValueWalk Premium
Backtests Using Shiller PE 6

Backtesting: What Is It Good For? [Part Two]

In part one, I looked at backtests and how, if not conducted properly, the data produced from these tests can be highly misleading.

However, as I noted in part one backtests should not be written off entirely. They have their uses, if used properly. This was a topic Jim O'Shaughnessy, Chairman and CEO of O'Shaughnessy Asset Management and author of

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