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)