Monday is all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look why ticker symbols matter.
Quote of the Day
"So, the simple advice to advisors and investors is to take any investment themes supported by academic research with a huge grain of salt."
(Andrew Beer)
Portfolio management
- Rebalancing is not a sure thing. (gf-cap.com)
- Why not focus risk-parity on drawdowns? (mrzepczynski.blogspot.com)
- How to think about hedge fund classification. (mrzepczynski.blogspot.com)
Research links
- Since the market portfolio changes over time, active managers have the potential to outperform. (papers.ssrn.com)
- Why value stocks sucked wind during the Dotcom bubble. (blog.alphaarchitect.com)
- Are DCF models irrevocably broken in a zero interest rate world? (ftalphaville.ft.com)
- What matters for anomalies: shocks to cash flows or discount rates? (papers.ssrn.com)
- How to measure momentum for stock picking purposes? (blog.alphaarchitect.com)
- A deep dive into the opportunities in closed-end funds. (blog.alphaarchitect.com)
- What's actually in your multi-factor ETF? (blog.thinknewfound.com)
- Credit markets price in the downside risk of an LBO. (papers.ssrn.com)
- Should you ignore academic research? (investmenteurope.net)
