Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at how biotech stocks act like lottery tickets.
Quote of the Day
"Equities can disappoint more often than many investors believe."
(Joachim Klement)
Crypto
- A little Bitcoin goes a long way from a portfolio perspective. (quantpedia.com)
- How to use factors to build a crypto portfolio. (sparklinecapital.com)
Options
- How retail traders use options. (papers.ssrn.com)
- A video on the Black-Scholes options pricing model. (marginalrevolution.com)
Alts
- How fundraising affects PE fund decision making. (papers.ssrn.com)
- Equity mutual funds haven't gotten a boost by investing in venture capital deals. (papers.ssrn.com)
- Private credit, 101. (federalreserve.gov)
Quant stuff
- Why you should always test 'common wisdom.' (alphaarchitect.com)
- The 2024 UBS Global Investment Returns Yearbook is here! (abnormalreturns.com)
Research
- 'Safe equities' as an alternative to bonds. (papers.ssrn.com)
- What high yield spreads tell us about momentum crashes. (mailchi.mp)
- Why is the value and quality factor becoming more correlated? (insights.finominal.com)
- Post-earnings announcement drift isn't just for equities. (klementoninvesting.substack.com)
- Why emerging market bonds have bested equities over the long run. (morningstar.com)
- Wildfire smoke isn't good for anybody, including analysts. (papers.ssrn.com)
- Beware corporate merger of equals. (ft.com)