Weekend Reads - Oct 11, 2025

The Making of a Market Maker; Worth Its Weight? Assessing Gold’s Portfolio Utility; Opening the Box of Macro Trend; Japan’s Rally Meets Shareholder Activism; and more...

• The Making of a Market Maker (Colossus)

• Worth Its Weight? Assessing Gold’s Portfolio Utility (D. E. Shaw)

• Opening the Box of Macro Trend (Methods to the Madness)

• Japan’s Rally Meets Shareholder Activism (Verdad)

• Not All Shocks are the Same (Klement on Investing)

• The Death of the Corporate Job. (Still Wandering)

• Why Warm Countries Are Poorer (Uncharted Territories)

• Passive Aggressive—Another One Cites the Bust (📺 Simplify Asset Management)

• Antti Ilmanen - Understanding Return Expectations (🎧 Flirting with Models)

• Intangible Value Investing Using AI + NLP with Kai Wu of Sparkline Capital (🎧 The Acquirers Podcast)

• A Trend Following Deep Dive: The Dynamics of Dispersion (Man)

• Volatility Risk Premium Across Different Asset Classes (Relative Value Arbitrage)

• A Scorecard for Global Equity Allocation (Macrosynergy)

• Virtual Barrels Quant Talk, Episode 1: Who is Who in Oil Derivatives? (📺 Virtual Barrels)

• Beyond Words: Fed Chairs’ Voice Sentiments and US Bank Stock Price Crash Risk by Anastasiou et al. (SSRN)

• Stocks for Inflation Shocks by Czasonis et al. (SSRN)

• Predicting Extreme Returns with Fundamentals: A Machine Learning Approach by Wang and Liu (SSRN)

• Timing Indian Equity Factors: Structural vs. Revaluation Signals by Raju (SSRN)