Weekend Reads - Jun 28, 2025

When the Market Outgrows the Index; The Hidden Value of Streaky Returns in Stock Portfolios; The Hidden Effort Problem: Work More and Get Better Results?; The Institutional Cost Mirage; and more...

• When the Market Outgrows the Index (TCW)

• The Hidden Value of Streaky Returns in Stock Portfolios (AQR)

• The Hidden Effort Problem: Work More and Get Better Results? (Alpha Architect)

• Gold Ratios as Stock Market Predictors (Relative Value Arbitrage)

• The Institutional Cost Mirage (Verdad)

• Truth or Trend: Separating Signal from Noise (Man)

• Short-Term Basis Reversal (Quant Trading Rules)

• Active Management Is Suited to Uncertain Times (MS)

• The Investment Industry is a Placebo (Party at the Moontower)

• Bayesian Edge Investing: A Framework for Smarter Portfolio Allocation (Enterprising Investor)

• Do the Quality, Momentum, Low Vol, and Dividend Growth Strategies Beat the Market? (Monevator)

• Ralph Sueppel on Quant Trading Macro the Right Way (🎧 Castro)

• What Ails Indian Manufacturing? (📺 Everything is Everything)

• Passive Investing Is Breaking the Market (📺 The Meb Faber Show)

• Off to the Races: A Universal Metastrategy (Paper to Profit)

• Classifying and Clustering Trading Agents by Wilinski et al. (SSRN)

• Riding a Bubble: A Study of Market-Timing Trading Strategies by Jarrow and Kwok (SSRN)

• Is the Best Dividend Strategy to Avoid Them? by Faber (SSRN)