Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at whether REITs are a distinct asset class.
Quote of the Day
"A strong investment process is easy to describe, challenging to implement, and rewarding when done well."
(Jeff Miller)
Chart of the Day
Smart beta investors would do well to scrutinize the back tests underlying their strategies.
TAA
- How TAA strategies can help provide investors with a 'safety valve.' (etf.com)
- Four issues to consider when building a TAA strategy. (blog.thinknewfound.com)
Offers
- Track all the major TAA strategies in one place. (allocatesmartly.com)
- Get $5 off of $15 in books, like "Adaptive Markets" by Andrew Lo, at Amazon today with the promo code 'PRIMEBOOKS17.' (amazon.com)
Companies
- Companies with an "abnormally large" number of analysts outperform. (gsb.stanford.edu)
- How high SG&A predicts future returns. (barrons.com)
- Companies with a woman in a leadership position outperform. (barrons.com)
Research
- Stock analyst recommendations don't take known anomalies into account. (blog.alphaarchitect.com)
- Connections are an important source of alpha for institutional investors. (papers.ssrn.com)
- On the characteristics of value and growth investors. (etf.com)
- How to allocate among different alternative risk premia strategies. (allaboutalpha.com)
- An exploration of geometric mean maximization, an alternative to the traditional Sharpe ratio maximization that seeks to maximize the long-term growth rate of a portfolio. (blog.thinknewfound.com)
- The wealthy generate higher returns on their capital. (voxeu.org)
