Weekend Reads - Apr 12, 2025

Quality of Earnings; Rebuffed: A Closer Look at Options-Based Strategies; Adverse Effects of Index Replication; Why Trend Following is Harder Than it Looks; and more...

• Quality of Earnings: A Critical Lens for Financial Analysts (Enterprising Investor)

• Rebuffed: A Closer Look at Options-Based Strategies (AQR)

• Adverse Effects of Index Replication (Alpha Architect)

• Why Trend Following is Harder Than it Looks (Of Dollars and Data)

• The AI Boom vs. the Dot-Com Bubble: Have We Seen This Movie Before? (Research Affiliates)

• The Nordic Model and Income Equality: Myths, Facts, and Policy Lessons (CEPR)

• Easy Games Vs Hard Games in Trading (Robot Wealth)

• Regimes, Systematic Models and the Power of Prediction (Man)

• Concentrated Portfolio Managers: Courageously Losing Your Money (Acadian)

• Straddle-Sniped (Party at the Moontower)

• The Death of Backtesting: Why Past Performance Means Nothing in Real Markets—And When It Does (ATS Trading Solutions)

• Narrative and Crashes - There is a Connection (Disciplined Systematic Global Macro Views)

• A Timeless Collection of Infinite Wisdom with Jim O'Shaughnessy (🎧 Masters in Business)

• The Odds of Outshining: When One Coin Beats Another (SITMO)

• Timing Volatility with the VIX Term Structure (QuantSeeker)

• Profitability Retrospective: What Have We Learned? by Novy-Marx and Medhat (NBER)

• Alpha in Analysts by Cartea and Jin (SSRN)

• Tactical Asset Allocation with Macroeconomic Regime Detection by Oliveira et al. (SSRN)