Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at how selective memory plays a role in investor overconfidence.

Quote of the Day

"That the S&P 500 should be at fair value is about as likely as playing a game of lotto, where you have to select 500 numbers out of one million and ending up with a winning combination that is the numbers 1 to 500 in a row."

(Joachim Klement)

Chart of the Day

Just how big is the ESG space?