Weekend Reads - Aug 19, 2023

Investing for immortals; A Closer Look at "Cut Your Losses Early, Let Your Profits Run”; A Few Stories About Big Decisions; First Line Of Defense For Assessing Investment Backtests; and more...

• Investing for immortals. (Klement on Investing)

• A Closer Look at “Cut Your Losses Early; Let Your Profits Run”. (ELM Funds)

• A Few Stories About Big Decisions. (Collaborative Fund)

• First Line Of Defense For Assessing Investment Strategy Backtests. (The Capital Spectator)

• The Quality Factor And The Low-Beta Anomaly. (Alpha Architect)

• The High Price of Low Volatility. (Oakmark Funds)

• Large Language Models, Explained With A Minimum Of Math And Jargon. (Understanding AI)

• Portable Alpha for the (Taxable) Masses: Can Capital Efficient Funds Live Up to the Hype? by Crook. (SSRN)

• Tail Protection for Long Investors: Trend Convexity at Work by Dao et al. (SSRN)