Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the headwinds facing private equity returns.
Quote of the Day
"The overwhelming body of evidence demonstrates that active investing, whether in mutual funds or hedge funds, has been a loser’s game. It’s a game that is possible to win but whose odds are so poor it’s not prudent to try."(Larry Swedroe)
Chart of the Day
Was the introduction of growth and value index funds a mistake?
- Why U.S. market data could mislead researchers. (klementoninvesting.substack.com)
- On the downside of index sampling vs full replication. (evidenceinvestor.com)
- Biotech sector funds are another argument for passive investing. (insights.factorresearch.com)
- Why a single measure of quality will underperform a composite measure. (klementoninvesting.substack.com)
- Comparing various tail risk hedging strategies, including trend following. (alphaarchitect.com)
- Carbon emissions are getting absorbed into equity prices. (papers.ssrn.com)