Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at papers presented at the Fall Q-Group conference.

Quote of the Day

"In the school of hard knocks, experience helps us be grounded in reality. Perhaps this is what you should be asking for from an experienced manager, a measure of reality that they may not always be successful, drawdowns will happen, and their estimates of what they will be able to achieve are close to what can be produced. Reality and learning leads to less overconfidence and perhaps better long-term returns."

(Mark Rzepcynski)

Chart of the Day

Why contango matters.