Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at who holds sin stocks.
Quote of the Day
"Private investments are partnerships with people."
(Kris Abdelmessih)
Behavior
- Why the pace of underperformance affects decision making. (klementoninvesting.substack.com)
- Investor expectations overshoot. (papers.ssrn.com)
Operations
- How return stacking works. (returnstacked.com)
- How to box spreads work? The story behind the Alpha Architect 1-3 Month Box ETF ($BOXX). (moontowermeta.com)
Research
- Has the introduction of ETFs been a net boon for investors? (alphaarchitect.com)
- How the CAPM works across asset classes. (mailchi.mp)
- Skepticism about proprietary black box TAA strategies. (allocatesmartly.com)
- How to identify where a company is in its life cycle. (morganstanley.com)
- On the relationship between ESG scores and stock risk. (papers.ssrn.com)
- Some evidence that Morningstar ($MORN) analyst ratings affect fund flows. (institutionalinvestor.com)
- A round-up of recent white papers including 'Bonds: Shaken, but Not Stirred.' (bpsandpieces.com)
