Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the still elevated value spread.
Quote of the Day
"As I’ve listened to interviews, read, and thought about what the hell is happening, I’ve come to believe that markets are not absurd. It’s our illusions about how tidy they are which is absurd."
(Kris Abdelmessih)
Risk management
- Renaissance Technologies' success depends in large part on risk management. (breakingthemarket.com)
- Leveraged index funds can generate higher returns, but you have to get lucky. (ofdollarsanddata.com)
Data
- What matters most for returns: E, S, G or all the above? (alphaarchitect.com)
- You are going to need a plan if you are going to start using 'alternative data' in your process. (allaboutalpha.com)
Macro
- What macro variables drive the stock-bond correlation? (sr-sv.com)
- Japanese stocks still look good diversifiers. (wisdomtree.com)
- Commodities have experienced a brutal decade and a half of returns. (mailchi.mp)
Research
- A factor analysis of the returns of Ben Graham's most famous investing disciples. (alphaarchitect.com)
- How stock volatility affects trading decisions. (klementoninvesting.substack.com)
- Investing seems weird when things go through phase changes. (moontowermeta.com)
- Why picking a winning venture capital fund manager is so difficult. (insights.factorresearch.com)
- The latest from Michael Mauboussin is 'The Economics of Consumer Businesses: Calculating Customer-Based Corporate Valuation.' (morganstanley.com)