Interesting white paper from the AQR crew of <a href="https://twitter.com/CliffordAsness?ref_src=twsrc%5Etfw">@cliffordasness</a> on the virtue of complexity in return prediction.<br><br>Complex models (number of predictors > number of observations) better capture nonlinearities, leading to improved return predictions and “evolutionary, not… <a href="https://t.co/2w9WOpLkP3">pic.twitter.com/2w9WOpLkP3</a>