Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at how millionaires invest.
Quote of the Day
"With most asset classes we studied throughout history if you trend followed that asset, you generally received similar returns to whatever that asset class already gave you, but cut your drawdowns significantly."
(Ryan Kirlin)
Research
- Are index funds to blame for the lack of investment in oil and gas production? (ft.com)
- On the relationship between asset growth and lottery stock status. (alphaarchitect.com)
- The problem with growth: persistence is fleeting. (mailchi.mp)
- Why companies see a jump in their stock price when they hire a black CEO. (wapo.st)
- Is democracy good for the stock market? It appears yes. (alphaarchitect.com)
- 2021 saw a baby bump, which was against trend. (nber.org)
