Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at some unconventional quant websites.
Quote of the Day
"Value investing is about understanding the company to find or unlock value relative to peer companies. The skill of unlocking knowledge is what creates an investment edge."(Mark Rzepczynski)
Chart of the Day
Cryptocurrencies don’t really explain the performance of the digital asset ETFs.
- On the attraction of trend following in inflationary periods. (mailchi.mp)
- Typical inflation hedges are not all that. (papers.ssrn.com)
- Why focusing on price-to-book stopped working. (bloomberg.com)
- Transactions costs in the bond market wipe any anomaly you might find. (alphaarchitect.com)
- Market capitalization weighting is not perfect but is still the best option. (elmwealth.com)
- Some international evidence that stocks overseas generally trail the risk-free rate. (evidenceinvestor.com)
- Why hedge fund performance has waned post-GFC. (cfainstitute.org)
- Three misconceptions about illiquidity risk. (caia.org)
- On the risk and return of SPACs. (quantpedia.com)
- A review of "The Day the Markets Roared: How a 1982 Forecast Sparked a Global Bull Market" by Henry Kaufman with David B. Sicilia. (blogs.cfainstitute.org)
- On the relationship between wealth in middle age and longevity. (sciencedaily.com)