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.