Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the rise and fall of mean reversion as a factor.

Quote of the Day

"(S)upervised learning" -- the main strand of machine learning -- is just function estimation, and in particular, conditional mean estimation. That is, regression. It may involve high dimensions, non-linearities, binary variables, etc., but at the end of the day it's still just regression."

(Francis Diebold)