Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at how growing retail participation is messing with quant models.

Quote of the Day

"Although creating a disciplined and systematic approach to vetting managers using deliberate thinking can in fact create a repeatable process, the accuracy of the selection process — or the investment returns as output — can probably be improved by including the use of experiential judgment."

(Christopher Schelling)

Chart of the Day

Emerging market still have a lot of single country risk relative to developed markets.