Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at the CFA vs. CFP debate.
Quote of the Day
"Where the engineer in me used to see portfolio design as a raw system optimization exercise, I have come to learn that it has just as much to do with human emotion. And we’re all different."
(Tyler)
Behavior
- Research shows people seek out confirming evidence, not the actual truth. (papers.ssrn.com)
- People love lottery-like payoffs. (papers.ssrn.com)
Research
- The growth in passive investing has created its own risks. (alphaarchitect.com)
- Every asset is risky: pick your poison. (blogs.cfainstitute.org)
- There is a difference between trend following and momentum. (mrzepczynski.blogspot.com)
- Comparing global vs. country models for equities. (klementoninvesting.substack.com)
- How many factors do you need to forecast the stock-bond correlation? (mrzepczynski.blogspot.com)
- ETF flows are not all that informative. (larryswedroe.substack.com)
- There's little evidence that structured products work all that well for clients. (wealthmanagement.com)
- When VCs skimp on due diligence. (papers.ssrn.com)
- Lessons learned from ten years of Portfolio Charts. (portfoliocharts.com)
