Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at bias in manager selection.

Quote of the Day

On the value factor: “There’s no magic answer. If any of us had a good handle on this it would be part of the process itself.”

(Cliff Asness)

Chart of the Day

Another year, another chance for the 60/40 portfolio to best the Ivy league endowment funds.