Monday is all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the effect of venture capital on the US economy.
Research links
- A little bit of market timing based on valuation and momentum is not a sin. (institutionalinvestor.com)
- Average stock picking will yield underperformance. (bloombergview.com)
- There is a trade-off between expected returns and diversification. (etf.com)
- Can valuation measures be used to time the market? (etf.com)
- Is trend-following dead? (priceactionlab.com)
- Is trend following really dead? (followingthetrend.com)
- Does sector momentum beat stock momentum? (rrspstrategy.wordpress.com)
- How do investors measure risk? (papers.ssrn.com)
- Some updated advice on mutual fund selection. (onefpa.org)
- Gold mining stocks do poorly during the trading day. (jayonthemarkets.com)
- Windfall gains increase stock market participation. (papers.ssrn.com)