CFO Diaries: The Inside Skinny on Earnings Manipulations
The Misrepresentation of Earnings Dichev, Graham, Harvey, and Rajgopal A version of the paper can be found here. Want a summary of academic papers with alpha? [...]
The Golfer’s Dilemma: A Case for Systematic Decision-Making
Many of you may know that golfers often fall victim to mental "distractions" that severely inhibit the quality of their game. However, those "distractions" also [...]
High-Frequency-Theft Lawsuits: Here they come!
http://www.rgrdlaw.com/media/cases/279_complaint.pdf This case arises out of a scheme and wrongful course of business whereby the Exchange Defendants, together with a defendant class of the brokerage firms [...]
Market Crash Stressing You Out? It Should…
Cortisol Shifts Financial Risk Preferences Kandasamy et al. A version of the paper can be found here. Want a summary of academic papers with alpha? Check [...]
Wharton Quant Finance Conference–April 25th
The Jacobs Levy Equity Management Center is hosting a conference on cutting edge Quantitative Financial Research. The academic director of the center is Chris Geczy, [...]
Everything You Wanted to Know About Investing (but were afraid to ask)
I'm new to the crew here, but I'd like to introduce myself. My name is Gabe Kates and I'm currently a student at Haverford College, [...]
Research on Ben Graham’s “Mr. Market”
On the Present Value Model in a Cross Section of Stocks R Startz and K Tsang A version of the paper can be found here. Want [...]
Carried Interest Chat on Fox Business News
A few months ago we did a post on avoiding predictions associated with highly confident experts. A quote from my own blog post: Expect the [...]
Behavioral Finance 101 for Wall Street: Social Anchoring
The “anchoring bias” is firmly established in psychology circles, but a more recent area of focus within the field--social anchoring--is opening up some intriguing new [...]
Risk Parity Across Time? A Simulation Education…
Inter-Temporal Risk Parity: A Constant Volatility Framework for Equities and Other Asset Classes R Perchet, R Carvalho T Heckel and P Moulin A version of [...]
The Trouble with Non-Transparent Active ETFs
Barron's has an interesting article discussing "The Trouble with Actively Managed ETFs." The article should have been titled "The Trouble with Non-Transparent Active ETFs." A [...]
Time to Fire your Hedge Fund Managers?
In Search of Missing Risk Factors: Hedge Fund Return Replication with ETFs J. Duanmu, Y. Li, and A. Malakhov. A version of the paper can [...]
Private Equity Performing Better than We Thought?
Private Equity Performance: What Do We Know? ROBERT S. HARRIS, TIM JENKINSON andSTEVEN N. KAPLAN A version of the paper can be found here. Want a [...]
Why ETFs are more tax-efficient than mutual funds
The ETF structure is often regarded as being "tax-efficient." However, many investors -- even sophisticated professionals -- often blow off the benefits of the ETF [...]
Do Rituals Make you a Better Investor?
Rituals Enhance Consumption Vohs, J., Y. Wang, F. Gino, and M. I. Norton. A version of the paper can be found here. Want a summary of [...]
Gold’s 3,000 Year Backtest–A New World Record!
Gold: The Best Performing Asset of the Last 3,000 Years? Claude Erb A version of the paper can be found here. Want a summary of academic [...]
Women Write Better Annual Reports
Are Female CFOs Better at Improving Readability of the Annual Reports? Andy Kim and Sung Gon Chung A version of the paper can be found here. [...]
Bernie Madoff’s Contribution to “The Cost of Investing”
Ken French has a wonderful paper called the Cost of Active Investing. He presented the paper at the 2008 AFA Presidential Address. I compare the fees, [...]
Is Smart Beta Bullsh!+?
John Bogle did a tremendous service to humanity when he launched the first index fund in 1975. By providing people with a passive, low-cost way [...]
Meb’s new book out!
$5 on Amazon--won't set you back too much! http://mebfaber.com/2014/03/18/new-book-is-out/ Global Value: How to Spot Bubbles, Avoid Market Crashes, and Earn Big Returns in the Stock [...]