1/ Effectiveness of Adding a Mask Recommendation to Other Public Health Measures to Prevent SARS-CoV-2 Infection in Danish Mask Wearers: A Randomized Controlled Trial
2/ "During the study period (3 April to 2 June 2020), Danish authorities did not recommend masking. Use was uncommon (<5%) outside hospitals.
"Participants were randomly assigned to mask/control groups.
"Those in the mask group received 50 3-layer, disposable surgical masks."
3/ "Participants received follow-up surveys to collect information on antibody test results, adherence to recommendations on time spent outside the home, development of symptoms, COVID-19 diagnosis based on PCR testing done in public hospitals, and known COVID-19 exposures."
4/ "A recommendation to wear a surgical mask when outside the home among others did not reduce, at conventional levels of stat. significance, incident SARS-CoV-2 infection vs. no mask recommendation. We designed the study to detect a reduction in infection rate from 2% to 1%."
5/ "The findings, however, should not be used to conclude that a recommendation for everyone to wear masks in the community would not be effective in reducing SARS-CoV-2 infections, as the trial did not test the role of masks in source control of SARS-CoV-2 infection."
6/ "The face masks were high-quality surgical masks with a filtration rate of 98%.
"Face shields covering the eyes has been advocated to halt the conjunctival route of transmission, but we observed no stat. significant interaction between wearers & nonwearers of eyeglasses."
7/ "Practical challenges to implementation include potentially incorrect wearing, reduced adherence, reduced durability depending on type of mask & occupation, weather, physical & psychological discomfort, and changing to less cautious behavior due to a false sense of security."
8/ More:
Assessing mandatory stay‐at‐home and business closure effects on the spread of COVID‐19
1/ Moneyball: The Art of Winning an Unfair Game (Michael Lewis)
"Baseball was at the center of a story about the possibilities—and limits—of reason. It showed how an unscientific culture responds (or fails to respond) to the scientific method." (p. xiv)
2/ "A small group of undervalued professional players & executives, many of whom had been rejected as unfit for the big leagues, turned themselves into one of the most successful franchises.
"How did one of the poorest teams, the Oakland Athletics, win so many games?" (p. xi)
3/ "Hitting statistics were abundant & had, for James, the powers of language. They were, in his Teutonic coinage, 'imagenumbers.' Literary material. When you read them, they called to mind pictures. He wrote... 'To get 191 hits in a season demands (or seems to) a consistency...
3/ "Value, momentum & defensive/quality applied to US individual stocks has a t-stat of 10.8. Data mining would take nearly a trillion random trials to find this.
"Applying those factors (+carry) across markets and asset classes gets a t-stat of >14."
2/ "The model's four terms describe different life stages for an individual who marries during the sample period. The intercept reflects the average life satisfaction of individuals in the baseline period [all noncohabiting years that are at least one year before marriage]."
3/ " 'How satisfied are you with your life, all things considered?' Responses are ranked on a scale from 0 (completely dissatisfied) to 10 (completely satisfied).
"We center life satisfaction scores around the annual mean of each population subsample in the original population."
1/ Short-sightedness, rates moves and a potential boost for value (Hanauer, Baltussen, Blitz, Schneider)
…
* Value spread remains wide
* Relationship between value and rates is not structural
* Extrapolative growth forecasts drive the value premium
… robeco.com/en-int/insight…
2/ "The valuation gap between cheap and expensive stocks remains extremely wide. This signals the potential for attractive returns going forward."
3/ "We observe a robust negative relationship between value returns and changes in the value spread.
"The intercept of ≈10% can be interpreted as a cleaner estimate of the value premium, given that it is purged of the time-varying effects of multiple expansions & compressions."