Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at why quant models involve a fair amount of discretion.
Quote of the Day
"A high Sharpe ratio is a simulacrum of success. Yet what gets measured may have no relationship to what we really want to know."(Richard Wiggins)
Chart of the Day
Momentum tail risk events are a not a rarity.