Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at a long historical look at commodity price reversals.
Chart of the Day
Individuals “hire” funds based on past performance, and “fire” funds based on past performance, all to little effect.
- Peer pressure drives a lot of corporate investment. (papers.ssrn.com)
- More remote boards (geographically) do a better job of oversight. (papers.ssrn.com)
- Industry insiders do show an ability to pick industry-relevant stocks. (alphaarchitect.com)
- Most insider cases involve relatively modest sums of money. (wsj.com)
- How factor investing performs in the real world. (alphaarchitect.com)
- How diversification can help smooth out the potential underperformance of individual factor-focused strategies. (factorresearch.com)
- Is the illiquidity premium a myth? Maybe its more of a complexity premium... (institutionalinvestor.com)
- A better way to measure trend signal strength. (cfapubs.org)
- Initial firm quality and growth matter a lot for later outcomes. (papers.ssrn.com)
- A roundup of recent research on 'nowcasting' the global economy. (capitalspectator.com)