Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the fading power of analyst earnings expectations.

Quote of the Day

"We now think of PwC as a low-probability risk factor that investors should think about, especially in cases where the accounting smells creative."

(Don Bilson, an analyst at investment research firm Gordon Haskett Research Advisors)

Chart of the Day

Morningstar weighs in on the factor debate.