Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at gold as a percentage of the total world portfolio.
Quote of the Day
"The pattern is unmistakable: factor premiums are loudest among small stocks and fade to whispers among giants."
(Larry Swedroe)
Round-ups
- A round-up of recent academic research including 'Overpaid Lottery and Overpaid Protection: Evidence from Retail Structured Products.' (alphainacademia.substack.com)
- A round of recent research including 'Extreme-weather risk and the cross-section of stock returns.' (quantseeker.com)
- A round-up of recent papers on risk measurement including 'The case for low-risk equity investing: evidence from 2011-2025.' (capitalspectator.com)
Private assets
- Are data-driven VCs less likely to invest in true outliers? (academic.oup.com)
- A review of Stephen Nesbitt’s second edition of “Private Debt: Yield Safety and the Emergence of Alternative Lending.” (larryswedroe.substack.com)
Alternatives
- Understanding gold: a comprehensive look at how the shiny has performed historically and why. (papers.ssrn.com)
- Ten stylized facts about cryptocurrencies as an asset class. (quantpedia.com)
Quant stuff
- Things to read if you are interested in getting started in trading. (moontower.substack.com)
- How good are prediction markets at, you know, predicting? (marginalrevolution.com)
Research
- A deep dive into the AI capex boom. (sparklinecapital.com)
- When inflation rises, markets get messy. (alphaarchitect.com)
- What happens when analyst sell-rated companies experience a positive earnings surprise? (klementoninvesting.substack.com)
- Is extreme weather risk priced into equities? (onlinelibrary.wiley.com)
- From 1900 to 1940 middle-class families saved for retirement and contingencies via ordinary life insurance policies. (papers.ssrn.com)
