Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at analysts who send mixed messages.
Quote of the Day
“Passive is really just the world’s simplest algorithm.”
(Mike Green)
Chart of the Day
In 2024, trend followers were having a good year, until they didn’t.
Indexing
- The index effect has faded over time. (alphaarchitect.com)
- Mike Green is warning about the risks from passive investing. (institutionalinvestor.com)
- Fees matter, redux. (jeffreyptak.substack.com)
Research
- A different kind of ten-year asset class performance exercise. (aqr.com)
- Can simple formulas still distinguish better performing stocks? (alphaarchitect.com)
- Portfolio constraints can lead to unintended bets. (abwinsightprod.wpenginepowered.com)
- What happens when you look at the very long run in equity returns. (alphaarchitect.com)
- How good is the market at estimating growth rates? (mailchi.mp)
- When experience matters, and when it doesn't. (mrzepczynski.blogspot.com)
- Some recent interesting research reports including “Can news predict firm bankruptcy?” (investmentecosystem.com)
- Meb Faber reads the second edition of his book "Shareholder Yield: A Better Approach to Dividend Investing." (podcasts.apple.com)
