Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at whether taxable investors should shun dividends.
Quote of the Day
"Free cash flow is the only fundamental metric that empirically tracks depreciation-related expenses. Unsurprisingly, when tested out as a factor, it outperforms other fundamental metrics."(Patrick O'Shaughnessy)
Chart of the Day
Checking in on the Factor Olympics for the first half of 2019.