Weekend Reads - Jun 15, 2024

Lazy Work, Good Work; Building Resilient Public Equity Portfolios; Paid to be Paranoid; How “Beta Learning” Improves Macro Trading Strategies; and more...

• Lazy Work, Good Work (Collaborative Fund)

• Building Resilient Public Equity Portfolios (Cambridge Associates)

• Paid to be Paranoid (Man Institute)

• How “Beta Learning” Improves Macro Trading Strategies (Macrosynergy)

• Combating Volatility Laundering: Unsmoothing Artificially Smoothed Returns (Portfolio Optimizer)

• Peer Benchmarking Methods to Improve Earnings Forecasts (Enterprising Investor)

• The Cost of Being Too Liquid (Franklin Templeton)

• Quality, Factor Momentum, and the Cross-Section of Returns (Alpha Architect)

• Are Most Investment Managers One Hit Wonders? (FWP)

• Nicolas Mirjolet - Multivariate Trend Following (🎧 Flirting with Models)

• Revisiting Overnight vs Intraday Equity Returns (Robot Wealth)

• A Motor for Your Sailboat. Getting there faster with enhanced tax-loss harvesting. (Brooklyn Investment Group)

• A Primer on Asset-Based Private Credit (Castlelake)

• No Silver Bullets: Building Resilient Portfolios in Unpredictable Inflation Regimes (Meketa)

• Navigating Market Volatility Mastering Managed Futures and Carry Strategies (📺 ReSolve Asset Management)

• Salience Theory and Momentum Everywhere by Guo et al. (SSRN)

• Chicken and Egg: Should you use the VIX to time the SPX? Or use the SPX to time the VIX? by Hanna (SSRN)

• Reality Only Happens Once: Single-Path Generalization Bounds for Transformers by Limmer et al. (arXiv)