Weekend Reads - Oct 14, 2023

Of Boiling Frogs And Underperforming Investments; The Huge Optimization Space of Trend-Following; The Thin Line Between Bold and Reckless; The Paradox of Past Performance; and more...

• Of Boiling Frogs And Underperforming Investments (Klement on Investing)

• Risk of Ruin (Net Interest)

• The Huge Optimization Space of Trend-Following (Price Action Lab Blog)

• The Thin Line Between Bold and Reckless (Collab Fund)

• Geography’s Destiny and Revenge of Geopolitics (Periscope)

• Harvesting Equity Premia in Emerging Markets (Enterprising Investor)

• The Paradox of Past Performance (Behavioural Investment)

• Market Wizards Wave Their Wands but Investors Miss the Magic (Morningstar)

• Options for Calculating Risk-Free Rates (NYFED)

• Diving Deep: My Personal Approach to Equity and Volatility Risk Premia (Robot Wealth)

• Big Market Delusions (📺 The compound)

• How To Measure The Quality Of A Trading Signal (Macrosynergy)

• Market Bipolarity: Exuberance versus Exhaustion! (Musings on Markets)

• How Have Trend-Following Approaches Tended To Perform Following A Market Shock? (Man Institute)

• Lessons From 30 Years as a Value Investor | Steve Romick (🎧 Excess Returns)

• Systematic Commodity Trading (without Trend) with Jae-Min Hyun of NWOne (🎧 The Derivative)

• A Hackers' Guide to Language Models (📺 Jeremy Howard)

• Why Does Operating Profitability Predict Returns? New Evidence on Risk versus Mispricing Explanations by Ahmed et al. (SSRN)