Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at just how good are crowdsourced stock ideas.
Quote of the Day
"As long as there are markets and market participants, there will always be market anomalies. Some market anomalies disappear but new ones always emerge."
(Michael Harris)
Chart of the Day
“2020 was a historic year for the outperformance of story stocks.”
Behavior
- More evidence people are inconsistent when it comes to risk. (papers.ssrn.com)
- Women are less confident their financial knowledge than men. (gflec.org)
- More evidence that diverse portfolio management teams outperform. (papers.ssrn.com)
History
- Insights from the 2021 Credit Suisse Global Investment Yearbook. (credit-suisse.com)
- How Elwin Berlekamp helped shape Renaissance Technology's core strategies. (breakingthemarket.com)
- John Maynard Keynes invested differently for himself than he did for Queen's College. (cambridge.org)
Charts
- Just because something looks good a charts doesn't mean it has any validity. (sentimentrader.com)
- The financial media is filled with irrelevant and misleading market statistics. (priceactionlab.com)
Momentum
- Is the momentum effect much weaker than we thought if you make all the proper adjustments? (alphaarchitect.com)
- Can you earn momentum returns without crash risk? (mrzepczynski.blogspot.com)
