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

Quote of the Day

"It requires no stretch of the imagination to envision mutual fund providers implementing the authors’ findings to create “Buffett-style” portfolios...but you will not be able to invest like Buffett while doing so back in the day. You will need to do so now, when the stocks that carry Buffett’s favored attributes have already been rewarded. Their secret, after all, is out."

(John Rekenthaler)