Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at whether REITs are a distinct asset class.

Quote of the Day

"A strong investment process is easy to describe, challenging to implement, and rewarding when done well."

(Jeff Miller)

Chart of the Day

Smart beta investors would do well to scrutinize the back tests underlying their strategies.

(ft.com)