Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at when people start paying attention to inflation.
Quote of the Day
"To succeed long-term you’ve got to excel short-term. Slow and steady isn’t going to cut it."
(Jeffrey Ptak)
Chart of the Day
Companies that are IPOing have been staying private for longer.
AI
- How to use NotebookLM to review venture capital docs. (avc.xyz)
- On the dangers of letting AI read your fund documents. (ludovicphalippou.substack.com)
Asset management
- Unconscious bias is a factor in portfolio manager hiring. (klementoninvesting.substack.com)
- Good luck! How to get a quant job on the buy side. (byfire.substack.com)
Research
- Why you can't compare market P/E ratios over time. (manuinvests.substack.com)
- Why your intuition about long term fund performance may be wrong. (jeffreyptak.substack.com)
- Volatility measures are always an estimate. (concretumgroup.com)
- On the risks of single-stock ETFs. (alphaarchitect.com)
- A Q&A with Cullen Roche, author of "Your Perfect Portfolio: The Ultimate Guide to Using the World's Most Powerful Investing Strategies." (abnormalreturns.com)
- A round-up of recent white papers including 'Fresh Snow: Risk Management for Investment Systems.' (bpsandpieces.com)
