Weekend Reads - May 17, 2025

Investing Amid Trade Wars; The Problem With Index Funds; How Do Investors Form Long-Run Return Expectations?; The New Joule Order; The Great European Rotation; and more...

• Investing Amid Trade Wars (Sparkline Capital)

• The Problem With Index Funds (📺 Ben Felix)

• How Do Investors Form Long-Run Return Expectations? (AQR)

• The New Joule Order (Carlyle)

• The Great European Rotation (Verdad)

• Our Dollar, Your Problem ft. Kenneth Rogoff (🎧 Top Traders Unplugged)

• Finance is Other People (Acadian)

• Choosing to Lose: Country Misallocation in Discretionary EM Investing (Acadian)

• A Hundred Visions and Revisions (Man)

• Is Globalization Doomed? (📺 Everything is Everything)

• Michael Green on Gold, Rates & This Market's "Good Will Hunting" Moment (📺 On The Tape with Danny Moses)

• Trend-Following Smiles and Frowns Basedon Time Horizons (Disciplined Systematic Global Macro Views)

• It Depends on Where You Sit (PauloMacro's Substack)

• Taking the Private out of Private Equity, with the Morningstar PitchBook Buyout Replication Index (Morningstar)

• Zufall, Ataraxia, and the Art of Systematic Positioning (Methods to the Madness)

• Corey Hoffstein, CIO, Newfound Research (🎧 Alpha Exchange)

• Compounding Effects in Leveraged ETFs: Beyond the Volatility Drag Paradigm by Hsieh et al. (arXiv)

• Ride the Right Horse: a Systematic Trend Strategy for Superior Return Using Portfolio Utility Optimization by Liu (SSRN)