Weekend Reads - Dec 23, 2023
Long-Term News; Driving with the Rear-View Mirror; Can Randomly Allocated Portfolios Generate Excess Returns?; Shannon's Demon; First You Predict, Then You Take Risks; and more...
Long-Term News (Collaborative Fund)
Driving with the Rear-View Mirror (AQR)
Can Randomly Allocated Portfolios Generate Excess Returns? (Return Stacked)
Shannon's Demon (Market Sentiment)
First You Predict, Then You Take Risks (Klement on Investing)
Diseconomies of Scale in Investing (Alpha Architect)
Why Do Investors Play Low Probability Games? (Behavioural Investment)
The Income Tax Paradox (The Grumpy Economist)
The "Strike Price" of Long-Only Trend Following (Return Sources)
The Quality of New Entrants (Verdad)
JP Morgan Chief Jamie Dimon on the Dire State of the Global Economy (📺 NYT)
Michael Robbins: Ever Seen a Bad Backtest? (📺 Raise Your Average)
Charles McGarraugh - “Change in the Market is Accelerating” (🎧 Flirting with Models)
Adaptive Asset Allocation Replication (FOSS Trading)
How Neural Networks Learned to Talk | ChatGPT: A 30 Year History (📺 Art of the Problem)
Another Look at Timing the Equity Premiums by Dai and Dong (SSRN)
Commodity Sectors and Factor Investment Strategies by Nakagawa and Sakemoto (SSRN)
Market Volatility and the Trend Factor bt Gu et al. (SSRN)