Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at how to skeptically look at how fund performance is presented.

Quote of the Day

"Edge is scarce. When we prospect for it, we should expect to mostly find fool’s gold."

(Kris Abdelmessih)

Chart of the Day

“There aren’t many strong arguments for specialty funds.” – John Rekenthaler