Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at academic finance’s ‘file drawer problem.’

Quote of the Day

"Like stock investors during boom markets, ship owners have a strong tendency to extrapolate good fundamentals into the future and to fail to take into account that other investors are reacting in the exact same way to those fundamentals."

(Verdad)