Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at why standard deviation is a poor proxy for risk.
Quote of the Day
"Eventually, the news catches up with you."(Justin Lahart)
Chart of the Day
Are investors unusually complacent?
- Single CEOs don't give a f*ck. (papers.ssrn.com)
- One way activist investors affect companies is making their acquisition strategies more disciplined. (papers.ssrn.com)
- Active management is no cure-all for high valuations. (etf.com)
- International diversification makes sense, but tilts based on valuation need to be few and far between. (blog.thinknewfound.com)
- How investors in aggregate can change their allocation to equities. (elmfunds.com)
- A small portfolio tweak can significantly increase safe withdrawal rates. (alphaarchitect.com)
- The cost of trading market anomalies is higher than you think. (papers.ssrn.com)
- Positive SMB may not mean you own Small-Caps. (alphaarchitect.com)
- A review of some recent factor-focused research papers. (capitalspectator.com)