Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the woeful performance of day traders.

Quote of the Day

"Financial theory dictates that you do not get paid for diversifiable risks. To be blunt, you are incinerating money if you don’t diversify."

(Kris Abdelmessih)

Chart of the Day

How and where stocks trade in the US.