Harry Markowitz
- Sonu Varghese, “This risk-return framework is widely used for portfolio construction, and we can thank Markowitz for that.” (carsongroup.com)
- Cullen Roche, “He [Markowitz] was more computer programmer than financial theorist.” (disciplinefunds.com)
- John Rekenthaler, “It’s no exaggeration to state that Markowitz did more than advance a theory of portfolio construction. He created the very foundation of today’s investment practices.” (morningstar.com)
IPOs
- How to read an S-1. (capitalgains.thediff.co)
- Do underwriter relationships matter for VC outcomes via IPO? (papers.ssrn.com)
AI
- Data quality matters when it comes to training finance AI models. (alphaarchitect.com)
- The performance of AI-managed ETFs has been no great shakes, so far. (priceactionlab.com)
- What ChatGPT could be useful in proxy voting. (papers.ssrn.com)
Behavior
- Cognitive biases seem to be consistent across income groups. (nature.com)
- More evidence that weather affects mood. (klementoninvesting.substack.com)
Research
- How risk differs across economic releases according to daily options volatility. (federalreserve.gov)
- On the similarities between quality and value strategies. (mailchi.mp)
- Do credit rating veterans do a better job of managing bond funds? (papers.ssrn.com)
- It seems that investors overpay for muni bonds. (papers.ssrn.com)
- Professional forecasters are no better than a coin flip. (mathinvestor.org)
- Financial technology tools don’t help individual investor performance. (wealthmanagement.com)
- A round-up of recent notable research papers including “Opportunity Beyond U.S. Shores.” (bpsandpieces.com)
- An updated version of “Understanding the Modern Monetary System” by Cullen Roche. (papers.ssrn.com)
