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

Quote of the Day

"So it’s very difficult to spot a bubble that is going to pop, because the bubble may continue and you’ll then lose out from having engaged in what’s still a variety of market timing."

(Ellroy Dimson)

Chart of the Day

When hedge funds blow up, they tend to inflict lasting damage on managers’ careers, research has shown.