Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at the disappointing performance of risk parity funds.
Quote of the Day
"It’s clear that stocks are riskier than bonds, and that risk does not disappear when the holding period extends to 20 years or more."
(Edward McQuarrie)
Factor investing
- Portfolio construction matters when it comes to factor investing. (insights.finominal.com)
- Does machine learning improve on factor investing? (alphaarchitect.com)
Research
- Managed futures returns are lumpy. (rcmalternatives.com)
- What valuations miss. (morganstanley.com)
- How much do valuations matter for multi-asset investing? (entrylevel.topdowncharts.com)
- How social media has helped analysts improve their earnings estimates. (alphaarchitect.com)
- How does family leadership affect company returns? (theconversation.com)
- What you need to do to pass Level III of the CFA exam. (alphaarchitect.com)