Weekend Reads - Aug 23, 2025

Does Trend-Following’s Recent Struggle Signal That the Strategy Is Structurally Broken?; Aging, Deflation, and Secular Stagnation; The Path to 2075 — The Positive Story of Global Aging; and more...

• Does Trend-Following’s Recent Struggle Signal That the Strategy Is Structurally Broken? (Cambridge Associates)

• Aging, Deflation, and Secular Stagnation (Atlanta Fed)

• The Path to 2075 — The Positive Story of Global Aging (Goldman Sachs)

• Return Stacking and Portable Alpha - An Investor’s Guide (Auspice Capital)

• Cash Holdings (Morgan Stanley)

• Rebuffed: An Empirical Review of Buffer Funds (AQR)

• The Wisdom of Buying Absurdly Expensive Stocks (Or Not!) (Man)

• There’s no I in AI, Ben Shneiderman on The Evolution and State of Artificial Intelligence (🎧 Brave New World -- hosted by Vasant Dhar)

• You're Copying the Wrong Buffett | Kai Wu on His Real Edge (📺 Excess Returns)

• Understanding “Why” Beats Statistical Significance (Robot Wealth)

• 75% of Alternative Mutual Funds Have Died. There Are Lessons in That for Would-Be Private Market Investors (Morningstar)

• Predicting Our Own Demise (Reducible Errors)

• Optimizing Ourselves to Death (Of Dollars and Data)

• Beyond Skewness: Tail Asymmetry as a Commodity Signal (QuantSeeker)

• 100 Papers an Hour: 10x'ing Your Strategy Research Speed With AI (Paper to Profit)

• The “Actual Retail Price” of Equity Trades by Schwarz et al. (JoF)

• How To Bet On Winners (and Losers) by Brownlees and Souza (SSRN)

• Alternative Data and ML for Macro Nowcasting by Jain (SSRN)