Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at more evidence showing that day traders, on average, lose money.

Quote of the Day

"Quantitative models have an edge because they will not suffer from the risky shift effect."

(Mark Rzepczynski)

Chart of the Day

How the introduction of Morningstar’s ($MORN) style boxes changed fund flows.