Monday is all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at eternal disappointment of diversification.

Quote of the Day

"My first thought when reading Bernstein’s take here is just how young investment theory really is in the grand scheme of things. Investors were basically in the Dark Ages until 4-5 decades ago and as he says — things are still evolving."

(Ben Carlson)