Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at whether stock trading and sports gambling are substitutes.
Quote of the Day
"Active management, at least in its traditional form, is stuck in a rut, a victim of its own past success."
(Tom Brakke)
Retail
- Using LLMs to identify retail trader strategies. (papers.ssrn.com)
- A look at the value, or lack thereof, of WallStreetBets stock picks. (alphaarchitect.com)
Analysts
- Why are all-start investment analysts influential? (papers.ssrn.com)
- Can LLMs replace the average human analyst? (wsj.com)
Institutional investors
- How institutional investors want to consume content. (institutionalinvestor.com)
- Can active managers rebuild their processes for a difficult future? (investmentecosystem.com)
Research
- Want to forecast stock market bubbles? Look at accounting accruals. (wealthmanagement.com)
- How factor investors can hone in on after-tax returns. (alphaarchitect.com)
- Historically small and large caps have reacted to interest rates the same way. (blogs.cfainstitute.org)
- How the number of firms in an industry affects idiosyncratic volatility. (papers.ssrn.com)
- A review of the empirical research on gold. (returnstacked.com)
- A look at how to identify economic regimes. (mailchi.mp)
