Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at how to use ChatGPT to analyze corporate filings.
Quote of the Day
"Most people are naturally inclined to patiently, and painfully, stick with losing decisions for too long while cashing out of winning decisions too quickly."
(Victor Haghani, Vladimir Ragulin and James White)
Behavior
- Consumer inattention drives a lot of subscription revenue. (papers.ssrn.com)
- There is a house money effect in the housing market. (wsj.com)
Quant stuff
- Why cutting your losses early works as a strategy. (elmwealth.com)
- There is no perfect single investment strategy. (priceactionlab.com)
- Harry Markowitz understood the limitations of financial models. (institutionalinvestor.com)
Research
- Do muni bond markets misprice risk? (sciencedaily.com)
- What is the relationship between the value and quality factor? (alphaarchitect.com)
- A small number of stocks drive returns in local stock markets. (ft.com)
- Time horizon matters when it comes to ETF selection. (corporate.vanguard.com)
- It only takes a little bit of Bitcoin to alter a portfolio's characteristics. (morningstar.com)
