Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the inevitability of direct indexing solutions.

Quote of the Day

"Investors who aren't comfortable with the possibility of underperforming for five or even 10 years shouldn't own multifactor funds--or any active investment for that matter."

(Alex Bryan)

Chart of the Day

If value doesn’t work now, when is it ever going to work?