Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the value of Morningstar fund ratings.

Quote of the Day

"A simple portfolio that has few funds, but that inspires confidence that you can reach your goals is very freeing. It allows you to focus on the things that are really important, and we all have something better to do than to be managing our mutual fund portfolio every day."

(Charles Ellis)