Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at why there is no ‘natural level’ for interest rates.
Quote of the Day
"Markets are probabilistic mechanisms, collectively allocating capital with imperfect information about an inherently unknowable future."
(Barry Ritholtz)
Pandemics
- A look back at how prior pandemics affected economies and markets. (investoramnesia.com)
- What, if anything, can we learn about stock performance in and around the 1918 Flu epidemic? (papers.ssrn.com)
- A round-up of research on the economic impact of Covid-19. (capitalspectator.com)
Bear markets
- Most Vanguard investors aren't doing squat with their accounts. (institutional.vanguard.com)
- How some DIY TAA strategies have performed in the downdraft. (allocatesmartly.com)
- Why does the myth of active management outperformance in bear markets persist? (evidenceinvestor.com)
Research
- What matters for portfolio rebalancing: the doing, not the precise plan. (theirrelevantinvestor.com)
- How to think about how luck matters with trend models. (blog.thinknewfound.com)
- Good luck implementing short-VIX strategies in practice. (factorresearch.com)
- Comparing some standard risk mitigation strategies and how to combine them. (blog.thinknewfound.com)
- Why value stocks have underperformed so badly the past few years. (alphaarchitect.com)
