Weekend Reads - Jul 05, 2025
Is the Decline of Democracy Inevitable?; Enhancing Momentum Strategies;Removing Crash Risk from the Carry Trade; Rethinking FX Carry; and more...
Is the Decline of Democracy Inevitable? (Mainly Macro)
Enhancing Momentum Strategies (Alpha Architect)
Removing Crash Risk from the Carry Trade (Klement on Investing)
Lost Decades are Even Rarer Than You Think (Of Dollars and Data)
(So) What If You Miss the Market’s N Best Days? (AQR)
Dan Villalon, Global Co-Head of Portfolio Solutions, AQR Capital Management (🎧 Alpha Exchange)
Andrej Karpathy: Software Is Changing (Again) (📺 YC)
Rethinking FX Carry (Verdad)
Just Follow the Recipe (Methods to the Madness)
Very Bad Advice (Collaborative Fund)
Don’t Over-Engineer your Trading Business… Make Money Instead (Robot Wealth)
Using Skewness and Kurtosis to Enhance Trading and Risk Management (Relative Value Arbitrage)
The Long-Run Performance of Public Pension Funds in the United States by Ennis (PMR)
Momentum Investing: A Systematic Literature Review and Bibliometric Analysis by Singh and Walia (MRQ)
Carry Trades and Debt Imbalances by Eriksen and Kjaer (SSRN)
Portfolio Optimization under Shifted and Markov-Modulated Shifted Wishart Processes by Arian et al. (SSRN)
Uncertainty-Aware Strategies: A Model-agnostic Framework for Robust Financial Optimization Through Subsampling by Buehler et al. (SSRN)
Persistent Anomalies and Nonstandard Errors by Coqueret and Pérignon (SSRN)