Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at why stated private equity returns are likely way off.
Quote of the Day
"Portfolio construction says just as much about our beliefs as it does our objective. The choice of mean-variance versus risk-parity versus equal-weight is not just a technical decision: it is one founded deeply in our beliefs about return, volatility, and correlation."(Corey Hoffstein)