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Central to both the theoretical and the empirical validity of factor models is the correct specification of the number of factors.

Jushan Bai

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Writing is conscience, scruple, and the farming of our ancestors.

Edward Dahlberg

Jushan Bai

Jushan Bai

Bio: Jushan Bai an American economist, and Professor of Economics at Columbia University and Dean of School of Finance at Nankai University, China.

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If you see what is right and fail to act on it, you lack courage.

Confucius

I have a heart with room for every joy.

Philip James Bailey

Life was meant to be lived, and curiosity must be kept alive.

Eleanor Roosevelt

A great change in life is like a cold bath in winter — we all hesitate at the first plunge.

Letitia Elizabeth Landon

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