Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the long history of insider trading.
Quote of the Day
"How can an investor tell whether the winning pattern is gold or pyrite? Start by considering the model that justifies the pattern. If there is none, presume you are looking at the winner of a massive, uninformed search."
(Ken French)
Factors
- Weighting schemes matter when it comes to factor strategies. (evidenceinvestor.com)
- How value investors can integrate momentum into their systems. (blog.validea.com)
Quant stuff
- A round of March's best white papers including 'Private Markets Insights: Optimism in an Age of Change.' (bpsandpieces.com)
- Five things Ken French knows about investing including 'The average dollar invested holds the market.' (dimensional.com)
Yield curve
- Even if an inverted yield curve presages a recession, what does that really mean? (awealthofcommonsense.com)
- Bonds are not a haven for stocks when the yield curve inverts. (ofdollarsanddata.com)
Research
- Are noise traders to blame for the majority of anomalies? (evidenceinvestor.com)
- Are stock market bubbles identifiable? Maybe, but does it ultimately matter? (alphaarchitect.com)
- In praise of overvalued companies: they invest more in innovation. (wsj.com)
- Founders apparently make for better VCs. (nber.org)
