Monday is all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a couple of looks at active share.

Quote of the Day

"Factors do not necessarily need to have a risk-based explanation for us to believe they can persist (as is the case with momentum). But the lack of a risk-based explanation can raise concerns about a factor’s ability to persist post-publication."

(Larry Swedroe)