Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the value of Morningstar fund ratings.
Quote of the Day
"A simple portfolio that has few funds, but that inspires confidence that you can reach your goals is very freeing. It allows you to focus on the things that are really important, and we all have something better to do than to be managing our mutual fund portfolio every day."
(Charles Ellis)
Research links
- What factors really matter to investors. (etf.com)
- Using 'active share' to calculate how much you are paying in 'active fees.' (blog.alphaarchitect.com)
- The theoretical case against dividends. (blog.thinknewfound.com)
- Is the low vol anomaly driven by lottery demand? (blog.alphaarchitect.com)
- You can't use the CAPE to time a single market. (mebfaber.com)
- Size hasn't had much impact on PE fund performance. (pitchbook.com)
- There seems to be a an inverse correlation between CEO leisure consumption and firm performance. (hbr.org)
- The three coolest studies of 2016. (mutualfundobserver.com)
