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

Quote of the Day

"Manager skill is stable; it is the measurement that wavers. Because manager-versus-index results are linked to relative-performance results, the time period selected will largely determine the outcome."

(John Rekenthaler)

Chart of the Day

There is a big difference between value and deep value.