Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at a substantial flaw with tail risk strategies.
Quote of the Day
"Investment performance is especially poorly suited to individual incentive contracts because the signal is weak, delayed and heavily contaminated by factors outside the employee’s control."
(Ludovic Phalippou)
Research
- Do empirical finance results replicate? Yes, but that's not the most important thing. (alphaarchitect.com)
- Is the term spread broken as a recession indicator? (econbrowser.com)
- How to further diversify using factors. (alphaarchitect.com)
- How MPT fails with private assets. (finhistory.substack.com)
Work
- How bubbles affect lifetime earnings. (klementoninvesting.substack.com)
- Career interruptions do cause a temporary loss of skill. (nber.org)
- Elliott Morris talks with Chris Jackson, Senior Vice President at the polling and research firm SSRS about the threats to federal economic data collection. (gelliottmorris.com)
