Weekend Reads - Apr 26, 2025

Strategic Portfolio Construction in a Changing World; Bear Market Anatomy– The Path and Shape of the Bear Market; The Limits to Growth… Are Coming Closer; A Historical Analysis of Tariffs; and more...

• Strategic Portfolio Construction in a Changing World (Cambridge Associates)

• Bear Market Anatomy – The Path and Shape of the Bear Market (GS)

• The Limits to Growth… Are Coming Closer (Klement on Investing)

• A Historical Analysis of Tariffs (Verdad)

• Sequence of Return Risk (Market Sentiment)

• The New Silent Majority (Mainly Macro)

• The Price of Peace: Why Diversification is Difficult, but Necessary (Of Dollars and Data)

• Managed futures and portfolio construction - A good way of seeing value (Disciplined Systematic Global Macro Views)

• Trends, Tall Heads, and Transformations with Transtrend’s Harold de Boer (📺 RCM Alternatives)

• Moritz & Moritz from Takahē on the New School of Old School Trend-Following (📺 ReSolve Asset Management)

• The Anatomy of a Crisis: Tariff Talk and Market Reaction! (📺 Aswath Damodaran)

• Small Caps, Big Opportunities: Investing Beyond Large-Cap Stocks (Research Affiliates)

• The Inverted Term Structure Trap (Party at the Moontower)

• Catastrophe Bonds: Modeling Rare Events and Pricing Risk (Relative Value Arbitrage)

• The Least-Amount of Assumptions Backtest (Unexpected Correlations)

• Correlation and correlation structure – Parallelizing Matrix Computation (Eran Raviv)

• A Tale of Two Anomalies: The Implications of Investor Attention for Price and Earnings Momentum by Hou et al. (SSRN)

• Range of Financial Analyst Opinions by Miwa (SSRN)