Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the evidence that portfolio managers do a horrible job disposing of stocks.
Quote of the Day
"While both humans and algorithms can perform poorly, that should not obscure the inherent advantages of algorithms in certain situations. Rather, we should acknowledge that they have an incredible amount to offer, and embrace them where they are fit for purpose."(David Siegel, co-chairman of Two Sigma)