Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at another case where active management fails.
Quote of the Day
"Luck is so critical to extreme success, in fact, that those who attain it do so almost entirely due to luck. No offense intended to any readers, it’s just a matter of math."
(Joachim Klement)
Behavior
- Some evidence that financial education does generate positive outcomes. (sciencedirect.com)
- What happens when you give customers an option to offset their CO2 emissions? (papers.ssrn.com)
Short-term trading
- A model to generate short-term alpha in the global equity universe. (papers.ssrn.com)
- Milliseconds matter when it comes to high frequency trading. (papers.ssrn.com)
Research
- A round-up of recent research including 'Which equity factors do best in inflationary environments?' (bpsandpieces.com)
- Does portfolio turnover matter now that trading costs have decreased? (klementoninvesting.substack.com)
- How rebalancing growth and value funds has played out over time. (morningstar.com)
- More evidence that momentum works. (alphaarchitect.com)
- Twitter sentiment could be useful to forecast credit spreads and the like. (papers.ssrn.com)
- Good management includes good succession planning. (klementoninvesting.substack.com)
