Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out including a look at how having a female CEO affects firm compensation.
Quote of the Day
"The promise that a finance newsletter can provide its readers with some material financial upside is what sets it apart from the rest of the newsletter market."
(Marc Rubenstein)
Active management
- Active management is an exercise in wealth transfer. (wealthmanagement.com)
- Do multi-tasking fund managers underperform? (alphaarchitect.com)
- More concentrated portfolios show more return dispersion. (alphaarchitect.com)
- Active bond fund managers still charge too much. (ft.com)
ESG
- Why sustainable investors need to be willing to accept lower returns. (alphaarchitect.com)
- ESG investors seem to justify their investments with higher expectations. (klementoninvesting.substack.com)
Research
- How to replicate common alternative strategies with equities and cash. (insights.finominal.com)
- What CEOs say on conference calls matter. (klementoninvesting.substack.com)
- A review of "Your Complete Guide to Factor-Based Investing" by Andrew Berkin and Larry Swedroe. (bankeronwheels.com)
- Newsletters have always been a part of the investment landscape. (netinterest.co)
- More evidence that we humans love certainty. (science.org)
- A remembrance of Harry Markowitz. (portfoliocharts.com)
