Weekend Reads - Dec 14, 2024
The Endowment Syndrome: Why Elite Funds Are Falling Behind; Trend Following Done Right; Looking Beyond a Top-Heavy Market; What to Expect When No One's Allocating; and more...
The Endowment Syndrome: Why Elite Funds Are Falling Behind (Enterprising Investor)
Trend Following Done Right (Optimal Momentum)
Looking Beyond a Top-Heavy Market (Amundi)
Charts From the Vault (Morgan Stanley)
What to Expect When No One's Allocating (Michael Green)
Revisiting the Demographic Event Horizon as Financial Nihilism Explodes (PauloMacro’s Substack)
The Most Underappreciated Aspect of Trading -- "Is It Bid or Offered?" (📺 Moontower AI)
Mike Green on Societal Nihilism, Broken Markets, and Crypto's False Promise (📺 Maggie Lake Talking Markets)
Factor Analysis: A Hands-On Introductory Workshop Using Indian Market Data | Rajan Raju | IIMA (📺 CFA Society India)
Private Equity Financer's Returns Slump in a $1.2 Trillion Market (Bloomberg)
The Road Ahead: Themes for the Next Decade (Man Institute)
Dr. Robert Frank on ‘Smart for One But Dumb for All’ (🎧 ReSolve)
Tax-Loss Harvesting On Levered Long/Short (Party at the Moontower)
When Correlations Break or Hold: Strategies for Effective Hedging and Trading (Relative Value Arbitrage)
Hurst Exponent Applications: From Regime Analysis to Arbitrage (Relative Value Arbitrage)
Large Language Models Explained Briefly (📺 3Blue1Brown)
Apt or “Aipt”? The Surprising Dominance of Large Factor Models by Didisheim et al. (SSRN)
Index Investing and Sentiment Spillover by Atmaz and Zhou (SSRN)