Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at how to replicate venture capital returns with public securities.
Quote of the Day
"Investors rely on historical references (and the forecasts they foster) because they fear that without them they’d be flying blind. But that doesn’t make them reliable."
(Howard Marks)
MBAs
- What happens when MBAs don't tell their employers their grades? (wsj.com)
- MBAs don't necessarily choose the path most likely to make them super-rich. (mailchi.mp)
Equities
- David Blanchett, "There appears to be more uncertainty around the future return of equities when bond yields are higher." (advisorperspectives.com)
- A potential headwind for equities: historically low taxes and interest rates. (ft.com)
Research
- How did momentum perform after the past two big market peaks? (alphaarchitect.com)
- The only way to look at factor returns, like value, is over the long run. (evidenceinvestor.com)
- Why market share stability matters for a company. (morganstanley.com)
- High duration stocks look a lot like lottery stocks. (alphaarchitect.com)
