Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at the case against Bitcoin as ‘digital gold.’
Quote of the Day
"The real question isn’t whether a fund is active or passive, but whether its systematic approach is grounded in sound investment principles and implemented cost-effectively."
(Larry Swedroe)
Research
- Why equity duration matters. (alphaarchitect.com)
- How do European and American trend followers differ? (mrzepczynski.blogspot.com)
- The active vs. passive debate isn't helpful. (alphaarchitect.com)
- LLMs don't necessarily do math well. (barrons.com)
- An examination of Big Tech's serial acquisitions. (papers.ssrn.com)
- On the risks to retail investors in private funds. (papers.ssrn.com)
- What happens when the CEO of a family business steps down. (klementoninvesting.substack.com)
- How to value Microstrategy ($MSTR). (papers.ssrn.com)







