Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the (difficult) mathematics of market timing.

Quote of the Day

"Long-short equity strategies are typically tax-inefficient, however, these strategies can be tax-efficient, if implemented with tax-efficiency in mind."

(Larry Swedroe)

Chart of the Day

Total yield is a more valuable measure than dividend yield.