Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the problem of selection bias in finance.
Quote of the Day
"Well-diversified portfolios minimize "variance drain" which contributes to less risk (less volatility) and more gain."
(W. Scott Simon)
Research links
- How much attention should you pay to the factor wars? (bloomberg.com)
- Only a handful of factors stand out in the 'factor zoo.' (papers.ssrn.com)
- What 'repeatable market behavior' does your strategy exploit? (mrzepczynski.blogspot.com)
- Larry Swedoe, "That is why active management is a loser’s game—the costs of exploiting mispricings are greater than the pricing errors." (etf.com)
- Some sell-side analysts are demonstrably better than others. (alphaarchitect.com)
- A review of recent research on the equity risk premium. (capitalspectator.com)
