Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the rise in VC-backed startup valuations.
Quote of the Day
"Good investment is primarily about making sensible decisions at the start and avoiding bad decisions on the journey."
(Joe Wiggins)
Quant stuff
- What makes for good statistical practices? (mathinvestor.org)
- When will quantum computing come for finance? (economist.com)
Global
- Investability makes a big difference when you compare the U.S. and global markets. (pragcap.com)
- How much indirect international exposure do domestic equity funds already have? (alphaarchitect.com)
Active management
- Why is there still so much money in actively managed mutual funds? (papers.ssrn.com)
- Less experienced fund managers tend to turn over their portfolios more frequently. (wsj.com)
Research
- Being near a 52-week high is good for a stock's liquidity. (papers.ssrn.com)
- The case against direct indexing is the case against active management. (insights.factorresearch.com)
- Corporate culture can be an intangible asset, but the challenge is in measuring it. (evidenceinvestor.com)
- How much transparency is enough for the private equity industry? (caia.org)