Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at how selective memory plays a role in investor overconfidence.
Quote of the Day
"That the S&P 500 should be at fair value is about as likely as playing a game of lotto, where you have to select 500 numbers out of one million and ending up with a winning combination that is the numbers 1 to 500 in a row."(Joachim Klement)
Chart of the Day
Just how big is the ESG space?
- A new Michael Mauboussin piece on the challenge of innovation in sports and investment managment. (morganstanley.com)
- The curriculum Verdad Capital uses to help interns learn about finance and markets. (mcusercontent.com)
- There is no one-size-fits-all definition of quality. (blog.validea.com)
- Was the value premium always smaller than presented? (alphaarchitect.com)
- Comparing equal and cap-weighted indices during crashes. (insights.factorresearch.com)
- What, if anything, can the history of Bitcoin tell us about its place in a diversified portfolio? (alphaarchitect.com)
- Institutional investors outperform on a gross basis, but after fees not so much. (advisorperspectives.com)