Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at how activists influence company management.
Quote of the Day
"Momentum is a big embarrassment for market efficiency."
(Eugene Fama)
Earnings
- High US corporate profits demonstrate that US companies are not too short-term oriented. (bloomberg.com)
- Evidence that investors really don't read 10-Ks. (wsj.com)
- Beware the Friday afternoon earnings dump. (blog.alphaarchitect.com)
- On earnings conference calls how you say it matters as much as what you say. (papers.ssrn.com)
Active management
- Do monetary incentives make for better stock picks? (papers.ssrn.com)
- Does active share help predict fund performance? (blog.alphaarchitect.com)
- Hedge funds with 'skin in the game' perform better than their peers. (institutionalinvestor.com)
- In case you need more evidence against active management. (etf.com)
Research
- The global market portfolio is hard to replicate but you can get close enough. (blog.alphaarchitect.com)
- Just how multi-asset is your multi-asset strategy? (blog.thinknewfound.com)
- How you put together portfolios of commodity futures matters. (quantpedia.com)
- Enough with the CAPE hype. (researchaffiliates.com)
- The Research Affiliates asset allocation tool just got better. (interactive.researchaffiliates.com)
- A Q&A with Wes Gray and Jack Vogel of Alpha Architect about the use of value, trend and momentum. (abnormalreturns.com)
