Weekend Reads - May 25, 2024

Sizing Private Equity Allocations; On Having an Edge; Is There Alpha in Borrow Fees?; Using Options Better; and more...

• Sizing Private Equity Allocations (Verdad)

• On Having an Edge (Robot Wealth)

• Is There Alpha in Borrow Fees? (QuantRocket)

• Using Options Better (Party at the Moontower)

• Implementation Shortfalls Hamstring Factor Strategies (Enterprising Investor)

• The Great Flattening (Stratechery)

• Bitcoin and Gold Won’t Save You (Of Dollars and Data)

• The Return of the King (Acadian)

• Bill Gurley & Michael Mauboussin - Putting Theory into Practice (🎧 Invest Like the Best)

• Jason C. Buck on the Mutiny Fund, the Cockroach Portfolio and Volatility (🎧 The Acquirers Podcast)

• Hendrik Bessembinder - Do Stocks Outperform T-Bills? (🎧 The Meb Faber Show)

• Maximizing Diversification Across Systems & Markets (Methods to the Madness)

• Bang for Your Buck in Private Capital Markets (Klement on Investing)

• Learning from Shelby Cullom Davis (23% CAGR over 47 Years) (Vision Investing Viewpoints)

• Why Focus on Macro Announcements? That is Where All of the Return Action is (Disciplined Systematic Global Macro Views)

• Tactical Asset Allocation and Taxes: FIFO vs LIFO Deep Dive (Allocate Smartly)

• Variance of Deviation from Optimal Leverage by Caglayan et al. (SSRN)

• Same-Weekday Momentum by Da and Zhang (SSRN)