Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at why the explanatory effect of currency factors has declined over time.

Quote of the Day

"Investors can skip all the elaborate math and still avoid the pitfalls of taking too much risk by following a few simple rules: avoid a concentrated portfolio and shun leverage. In short, diversify and don’t borrow."

(Victor Haghani and Richard Dewey)

Chart of the Day

On the trade-off between ESG scores and portfolio efficiency.