Academic Articles of Interest

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Academic Articles of Interest

Links to External Research

Daniel Kahneman, Maps of Bounded Rationality: Psychology for Behavioral Economics, December 2003

“the present essay offers a unified treatment of intuitive judgment and choice . . . The guiding ideas are (i) that most judgments and most choices are made intuitively: (ii) that the rules that govern intuition are generally similar to the rules of perception.”

(Entire article)

Louis K.C. Chan, Narashimhan Jegadeesh, Josef Lakonishok. Momentum Strategies, December 1975

“We confirm that drifts in future returns over the next six and twelve months are predictable from a stock’s prior return and from prior news about earnings . . . Security analysts’ forecasts of earnings are also slow to incorporate past earnings news . . . “

(Entire article)

  • Sources of Return

    "Our process attempts to add alpha through stock selection, rather than sector “bets” against the benchmark. Thus, we have established a target number of positions for each of the sectors included in our universe."