Weekend Reads - Dec 02, 2023

The Existential Challenges Facing The Value Investor Tribe; When Stocks Go Up, Who Benefits?; The Dunning-Kruger Effect is Autocorrelation; Focus on Income Can Undermine Returns: The Case of Covered C

• The Existential Challenges Facing The Value Investor Tribe (Behavioral Value Investor)

• When Stocks Go Up, Who Benefits? (Economics from the Top Down)

• The Dunning-Kruger Effect is Autocorrelation (Economics from the Top Down)

• Focus on Income Can Undermine Returns: The Case of Covered Calls (Alpha Architect)

• Macro Outlook 2024: The Hard Part Is Over (GS)

• Alternative Investment Strategies And Portfolio Diversification (Picture Perfect Portfolios)

• Prime Time for Bonds (Pimco)

• Shifting Blame For Underperformers (Klement on Investing)

• Solving the Wrong Problem (Of Dollars and Data)

• The “Art” of Market Timing (The Big Picture)

• How Popular Market Indexes Are Constructed with Athanasios Psarofagis (📺 Excess Returns)

• The Beauty of Finance | Everything is Everything (📺 Amit Varma)

• In Conversation with Citadel's Ken Griffin (📺 Bloomberg New Economy)

• Ajay Shah on the Dangers of Digital Public Infrastructure (🎧 Brave New World)

• Dr Douglas Greenig on Trend-Following, the End of Pax-Americana, and Why He is Long Volatility (🎧 Macro Hive)

• What Drives Booms and Busts in Value? by Campbell et al. (NBER)

• Depression Babies: Do Macroeconomic Experiences Affect Risk Taking? by Malmendier and Nagel (QJE)

• Option Momentum by Heston et al. (SSRN)