Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at what role high yield bonds should play in a diversified portfolio.

Quote of the Day

On smart beta, “If you can come up with an investment idea that will keep people invested through the bad times — I think it’s a good thing.”

(Harris Nydick)

Chart of the Day

Why buying when stocks are at all-times works.