Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at how anomalies test overseas.
Quote of the Day
"Quant investing is not a black box and it is not an asset class. It's just doing systematically and cheaply what all good investors try to do."
(Aaron Brown)
Portfolio management
- Research shows the benefits of international diversification has not disappeared. (etf.com)
- Do ETFs make for worse portfolio performance? Seems so. (alphaarchitect.com)
- Active share is only measure of many to consider when picking a fund. (etf.com)
Companies
- Is the issue dual-class shares or family control? (papers.ssrn.com)
- Is EBITDA broken? (papers.ssrn.com)
AQR Research
Research
- Why would housing returns outpace equity returns over time? (policytensor.com)
- A decomposition of S&P 500 returns and a projection. (gmo.com)
- How to properly calculate the P/E ratio of an index. (econompicdata.blogspot.com)
- Can Twitter be used in 'pump and dump' schemes? (cxoadvisory.com)
- Why investors buy socially responsible investments. (afajof.org)
