Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the dangers of ‘first impression bias.’

Quote of the Day

"The easy thing to do when confronted with disappointing results is to assume something is broken. But the reality is that all worthwhile long-term strategies share one thing in common; they all inevitably bend to varying degrees of pain. Very few, however, ultimately break."

(Phil Huber)

Chart of the Day

Why core bond strategies may not be the best ballast for your portfolio.