Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at why gambling increases during recessions.
Quote of the Day
"Predicting the future is delightfully easy when done in hindsight but wretchedly difficult in practice."
(John Rekenthaler)
Sentiment
- On the intersection of sentiment and style returns. (papers.ssrn.com)
- How much does news move markets? (papers.ssrn.com)
- Bullish investors love posting GIFs. (papers.ssrn.com)
Alternatives
- How peer effects drove institutional investors into alternative investments. (papers.ssrn.com)
- Capitalism is essentially a big experiment where startups are trials. (morganstanley.com)
- What Sebastian Mallaby's "The Power Law" teaches us about venture capital. (advisorperspectives.com)
Research
- Portfolio rebalancing is not a 'free lunch.' (caia.org)
- Comparing factor momentum to stock momentum. (papers.ssrn.com)
- Why retail options trading is unusually profitable for wholesalers. (evidenceinvestor.com)
- Why ETF investors need to take into account deviations from NAV. (alphaarchitect.com)
- Why ESG investing should be long/short. (institutionalinvestor.com)
- What is the 'Cockroach Portfolio'? (rogersplanning.blogspot.com)
