For the more academically-inclined reader, here is a brief rundown of recent academic papers we have found interesting. As these are written by others, we do not necessarily agree with or stand by all of their points, so caveat emptor.
Trading Volatility: At What Cost?: The inventor of the original VIX, Robert Whaley, weighs in on volatility exchange-traded products, which he says are "virtually guaranteed to lose money through time." See also ourpapers on the subject.
