Darren 🥚 🐣 🕊️, Discover and Read the Best of Twitter Threads by @ReformedTrader

Darren 🥚 🐣 🕊️

ReformedTrader

1/ While America Aged: How Pension Debts Ruined General Motors, Stopped the NYC Subways, Bankrupted San Diego, and Loom as the Next Financial Crisis (Roger Lowenstein, 2008)Thread summary of the

1/ Can Momentum Investing Be Saved? (Arnott, Kalesnik, Kose, Wu)"Live results for mutual funds that take on a momentum factor loading are surprisingly weak. But momentum can probably be saved,

1/ Ten Global Trends Every Smart Person Should Know (Bailey, Tupy)"Negativity regarding prospects for humanity and the natural world is, in large part, mistaken. We show this using uncontroversial data

1/ Crowding and Factor Returns (Kang, Rouwenhorst, Tang)"We construct a direct measure of factor strategy crowding that is based on CFTC aggregate positioning. Crowding measure has a strong negative predictive

1/ The Undoing Project (Michael Lewis)"What were people’s minds doing that led to the misjudgments that could be exploited for profit by those who ignored experts and relied on data?"How

1/ Little Book of Market Myths: How to Profit by Avoiding the Investing Mistakes Everyone Else Makes (Ken Fisher)"Investing is 2/3 avoiding mistakes, 1/3 doing something right. Avoid mistakes, and

1/ The Ascent of Money: A Financial History of the World (Niall Ferguson)"The ‘masters of the universe’ paid far too little heed to lessons of the past, preferring to pin

1/ Liar's Poker (Michael Lewis)Thread"Never before have so many unskilled twenty-four-year-olds made so much money in so little time. There has never before been such a fantastic exception to the

1/ The Rise of Carry (Lee, Lee, Coldiron)"Different forms of financial carry have always been central to modern financial systems."A problem arises when those that do not have the balance

1/ The Greatest Trade Ever (Gregory Zuckerman)Thread"Did investment banks and financial pros truly believe that housing was in an inexorable climb?"Why did the very bankers who created toxic mortgages get

1/ A friend asked me to summarize factor investing in a simple way. I didn't do a good job of it over lunch, so here's a (hopefully) better attempt.Context: He's

1/ The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution (Gregory Zuckerman)Thread with quotes from the book and links to related podcasts and articleshttps://www.amazon.com/Man-Who-Solved-Market-Revolution/dp/073521798X/ 2/ Her