Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at why following the news is a bad investment strategy.
Quote of the Day
"Identifying a possible edge does not mean that an investor possesses a genuine one – most of the time it will not be – but it gives us a clearer sight of what that edge might be. We can then test it."
(Joe Wiggins)
Factors
- Quality doesn't require as much turnover as value. (mailchi.mp)
- How do conventional three- and five-factor asset pricing models work in China? (quantpedia.com)
- Ignoring intangible assets isn't an option any more. (alphaarchitect.com)
Research
- Why the sequence of returns matters so much. (spglobal.com)
- We each have our own personal geometric frontier. (breakingthemarket.com)
- The best way to hedge inflation is pretty simple. (evidenceinvestor.com)
- A bad reputation does not deter startups from accepting capital from a firm. (institutionalinvestor.com)
