Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at why active management persists.
Quote of the Day
"The big picture is that issuance is both a symptom of overpricing and a cure for overpricing."
(Owen Lamont)
Round-ups
- A round-up of recent research including 'Corporate Earnings Calls and Analyst Beliefs.' (alphainacademia.substack.com)
- A round-up of recent research including 'The Tranching Dilemma. A Cost-Aware Approach to Mitigate Rebalance Timing Luck in Factor Portfolios.' (quantseeker.com)
Factors
- Long term evidence in favor of the momentum factor. (alphaarchitect.com)
- Growth stocks should be classified by actual business fundamentals not price. (alphaarchitect.com)
Trading
- Newly retired investors love to trade their brains out. (papers.ssrn.com)
- Young people priced out of the housing market make riskier investments. (marginalrevolution.com)
Research
- When inflation is above average, bonds are not a great diversifier. (mrzepczynski.blogspot.com)
- Private equity firms are opening themselves up to legal risk by expanding their investor base to retail investors. (papers.ssrn.com)
- On the factors affecting trust in government including inflation vs. growth. (papers.ssrn.com)
- Freedom, democracy and long term equity market returns. (abnormalreturns.com)
- The most important factor for improving happiness. (klementoninvesting.substack.com)
