Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at whether you should trust company buyback announcements.
Quote of the Day
"But if used correctly, as one instrument among many, standard deviation is a valuable tool. No rival statistic does its job better."
(John Rekenthaler)
Quant stuff
- Beware small sample sizes. (mrzepczynski.blogspot.com)
- Just how useful is historical financial markets data? (retirementresearcher.com)
- A round-up of recent white papers including 'Embracing Down Rounds: A Potential Path to Long-Term Equity Value.' (bpsandpieces.com)
Corporate finance
- Are companies any good at timing share repurchases? (marketwatch.com)
- When a company shifts its financial targets - take note. (klementoninvesting.substack.com)
Factors
- How does inflation affect factor returns? (blogs.cfainstitute.org)
- What happened to the size premium? (morningstar.com)
Research
- Buffer ETFs monetize risk aversion. (paulkedrosky.com)
- The case against a diversified approach to hedge fund investing. (blogs.cfainstitute.org)
- How market returns help predict Fed moves. (papers.ssrn.com)
- Support for the 'risk-as-feelings' hypothesis. (papers.ssrn.com)
- A review of "Default: The Landmark Court Battle over Argentina’s $100 Billion Debt Restructuring" by Gregory Makoff. (blogs.cfainstitute.org)
