Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at how to fix value investing.

Quote of the Day

"There have been many market regimes in the century of data upon which most major investment factors are based. It may just be that the unique nature of the Covid-19 shock was perfectly designed to short-circuit many of them — and the effect will fade as the pandemic eventually recedes."

(Robin Wigglesworth)

Chart of the Day

All-weather portfolio returns have historically come with reduced returns.