Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at the hardest part of a ‘buy-and-hold’ strategy.
Quote of the Day
"Knowing history is not the same as acting on history."
(Mark Rzepczynski)
Market timing
- The research shows how hard it is to find a reliable market timing system. (papers.ssrn.com)
- Luck plays a big role in successful market calls. (ritholtz.com)
Options
- Beware look ahead bias in option strategy tests. (papers.ssrn.com)
- Investors are attracted to covered call strategies for the wrong reason. (alphaarchitect.com)
Alternatives
- How to distinguish among alternative risk premia. (mrzepczynski.blogspot.com)
- Sussing out biases in wine auctions. (ft.com)
Research
- Another clue why momentum works. (mrzepczynski.blogspot.com)
- How the growth in target-date funds has affected markets. (morningstar.com)
- Institutional investors make better buy, than sell, decisions. (mrzepczynski.blogspot.com)
- Sustainable investors should focus on absolute reductions in emissions. (alphaarchitect.com)
- A look at historical stock market returns in New Zealand. (papers.ssrn.com)
- How does a growth equity investment affect the trajector of a company? (ft.com)