Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at why you should be skeptical of backtests showing 30% returns.

Quote of the Day

"Smart portfolio managers may use their knowledge to support and convince themselves of their views. They often advocate for their position and not seek the truth in data."

(Mark Rzepczynski)

Chart of the Day

Are ESG stocks more expensive than the market?