Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at why the low vol anomaly persists.

Quote of the Day

"When deciding between investing all your money now (lump sum) or over time (dollar cost averaging), it is almost always better to invest it now, even on a risk-adjusted basis. "

(Nick Maggiulli)

Chart of the Day

Everybody seems to defined EBITDA differently.