Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the efficacy of factors in a microcap universe.
Quote of the Day
"For the average person, the correlation between objective and subjective wealth is around 0.5 or 0.6; a perfect correlation, where subjective wealth exactly matched objective wealth, would be 1."
(Caroline Beaton)
Analysts
- When earnings estimates from the Street differ from the crowd, go with the crowd. (blog.estimize.com)
- Decision fatigue is a real thing for analysts. (papers.ssrn.com)
- Pronouns matter....on conference calls. (wsj.com)
Asset allocation
- Why simpler is better when it comes to managing endowment funds. (allaboutalpha.com)
- A 'gentle guide' to Global Tactical Asset Allocation. (blog.thinknewfound.com)
- There is a simple way to beat 1/N asset allocation strategies. (blog.alphaarchitect.com)
Research
- Why selling volatility has historically been a profitable strategy. (etf.com)
- How is the skew of value stocks different than the market as a whole? (marketfox.org)
- Hedge fund of funds can pick good managers, they just can't overcome their high fees. (institutionalinvestor.com)
- ESG analytics are still in their infancy. (causewaycap.com)
- Why did equilibrium home prices shift higher in the 21st century? (marginalrevolution.com)
