Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at whether the stadium naming curse is real.
Quote of the Day
"The moment everyone in the investment industry starts doing the same thing — piling into the same investment strategies and asset classes — is precisely the time that expected returns go down and risk goes up."
(Chris Schelling)
Research
- Position sizing matters so much more when it comes to volatile assets. (elmwealth.com)
- Rebalancing portfolios with illiquid assets is no small thing. (institutionalinvestor.com)
- Factor diversification won't save you from a stock market decline. (capitalspectator.com)
- Does an “adjusted” (intangibles-based) book value of a company on its balance sheet provide value-relevant information for investors? (alphaarchitect.com)
- Calculating private equity fees is not all that straightforward. (institutionalinvestor.com)
- A round-up of recent research on factor investing including 'Beyond Fama-French Factors: Alpha from Short-Term Signals.' (capitalspectator.com)
- How crash narratives propagate through the media. (papers.ssrn.com)
