Weekend Reads - Jul 12, 2025
The Reports of Factor Investing’s Death Are Greatly Exaggerated; From Tariffs to Trends. How Time Horizon Shapes Diversification; Trend Following and Drawdowns: Is This Time Different?; and more...
The Reports of Factor Investing’s Death Are Greatly Exaggerated (Larry's Substack)
From Tariffs to Trends. How Time Horizon Shapes Diversification (Quantica Capital)
Trend Following and Drawdowns: Is This Time Different? (Man)
Trend Following Through Turmoil: Why the Best Protection Comes After the First Punch (Return Stacked)
How Can “Smart Beta” Go Horribly Right? (Research Affiliates)
What’s Better Than U.S. Bonds for Downside Protection? (Of Dollars and Data)
The Real Estate Drag on Corporate Japan (Verdad)
Navigating Economic Downturns with Survey-Based Recession Indicators (Allocate Smartly)
Drawdown Defender | Eric Crittenden on the Perfect Complement for 60-40 (📺 Excess Returns)
Benjamin Hoff – Commodity Futures Surfaces and the Cash-and-Carry Glue (🎧 Flirting with Models)
A New Dawn for International (ex-US) Equities (Orbis)
The Derivative Payoff Bias (Quant Trading Rules)
Is the international equity outperformance story a mirage? (Verus)
I Used a Thermostat’s Logic to Control My Portfolio — And Achieved 24% CAGR (Paper to Profit)
Images Tell Stories by Ronen et al. (CFA Institute)
A FOMO-based Capital Asset Pricing Model by Kaddouhah et al. (SSRN)
Momentum at Long Holding Periods by Calluzzo (SSRN)
A Framework for Real-Time Modeling and Forecasting of Large Unbalanced Option Implied Volatility Surfaces by Dufays et al. (SSRN)