Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at why institutional investors are willing to load up on illiquid private equity stakes.

Quote of the Day

"Everybody should use machine learning to develop theories and test theories, but once the theory is uncovered, you should run the machine, not the machine."

(Marcos López de Prado)

Chart of the Day

Mapping the fundamental drivers of asset class returns.