Review: Larry Swedroe and Andrew Berkin’s Your Complete Guide to Factor-Based Investing does a great job covering the factor landscape. (Alpha Architect)
Quote of the Day
"Thorp thinks independently, without a lot of deference to received authority. But he seldom spouts off about anything. To him, ideas are meant to be tested -- even when the testing can be arduous or even a little dangerous."
(Justin Fox)
Markets
Strategy
- In praise of process diversification. (blog.thinknewfound.com)
- How to evaluate likely REIT returns. (wsj.com)
Offers
- Robert Cialdini's classic (first) book "Influence: The Science of Persuasion" is still just $1.99 for the Kindle. (amazon.com)
- Amazon's most popular Kindle the Paperwhite is currently $20 off. (amazon.com)
- Yuval Noah Harari's follow up to "Sapiens" is "Homo Deus: A Brief History of Tomorrow" and you can pre-order it today. (amazon.com)
Snap
Finance
- College endowments have failed to outperform simple Bogle-like portfolios. (awealthofcommonsense.com)
- How a change in interest deductability could throw a wrench into buyout models. (ftalphaville.ft.com)
Funds
- Little performance data is available about AI-focused hedge funds. (bloomberg.com)
- Digging through the active share research. (etf.com)
Global
Earlier on Abnormal Returns
- ETF links: doing well by your partners. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- The top clicks last week on the site. (abnormalreturns.com)
