Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at whether single CEOs have a higher tolerance for risk.

Quote of the Day

"We believe that smart beta strategies are best understood not as a form of passive, but rather as highly constrained versions of a fully active systematic investment process."

(Seth Weingram)

Chart of the Day

Market returns are almost never “average.”