Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the risk of a stock underperforming T-bills.

Quote of the Day

"Factor products that generate several hundreds of basis points of difference in a single year are not a commoditized product, and should not be chosen for investment in because of a few basis points in fees. "

(Christopher Meredith)

Chart of the Day

A handful of stocks have created 20% of all stock wealth.