Weekend Reads - Dec 16, 2023
Paying for Alpha but Getting Beta?; Is All Growth Investing “Growth Equity”?; Markets As Biology; Long Periods of Boredom; Pricing Strategy: How Our Brains Keep Us Stuck; and more...
Paying for Alpha but Getting Beta? (Apollo)
Is All Growth Investing “Growth Equity”? (Cambridge Associates)
Markets As Biology (Comparing Through Time) (Party at the Moontower)
Long Periods of Boredom (Research Affiliates)
Pricing Strategy: How Our Brains Keep Us Stuck (Behavioral Economics)
After-Tax Performance of Actively Managed Funds (Alpha Architect)
Constructing Return-Target Portfolios: A Time-Varying, Valuation-Aware Approach To Asset Allocation (Vanguard)
Is It Time To Ditch The Value Factor? (TEBI)
The Entire OpenAI Chaos Explained (📺 ColdFusion)
New & Old Turtle Traders & The Genius of Classic Trend Following! (📺 The Algorithmic Advantage)
Exchange Rates, Self-fulfilling Crises, and De-dollarisation: Philippe Bacchetta | Arth Niti (📺 Indian School of Business)
Rational Inattention - The Foundation For Trends (Disciplined Systematic Global Macro Views)
Our Unspoken Future. Why Do We Have To Keep Re-Reading The Same Three Articles? (Sapient)
We Found 30 Timing Strategies that “Worked” — and 690 that Didn’t (DFA)
Bitcoin Valuation: Four Methods (Enterprising Investor)
What is a Robust Stochastic Volatility Model (Artur Sepp)
Does Peer-Reviewed Theory Help Predict the Cross-Section of Stock Returns? by Chen et al. (arXiv)
The Anatomy of Machine Learning-Based Portfolio Performance by Coulombe et al. (SSRN)