Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the (difficult) mathematics of market timing.
Quote of the Day
"Long-short equity strategies are typically tax-inefficient, however, these strategies can be tax-efficient, if implemented with tax-efficiency in mind."
(Larry Swedroe)
Research links
- Blending active and passive strategies reduces the breadth of (relative) outcomes. (vanguardblog.com)
- Dividend yields predicted stock market returns until 1945. (sciencedirect.com)
- Anomalies are greatly affected by the short side of the equation. (nber.org)
- The best research of 2017. (capitalspectator.com)
