Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the case for Bitcoin in a diversified portfolio.

Quote of the Day

"The current world of low bid-ask spreads and no commissions opens up an array of strategies aimed at capturing the rebalancing premium. The fees and costs no longer overwhelm the premium. Shannon’s Demon is implementable now."


Chart of the Day

By this measure, value is experiencing its worst drawdown in history.