Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at why following the news is a bad investment strategy.

Quote of the Day

"Identifying a possible edge does not mean that an investor possesses a genuine one – most of the time it will not be – but it gives us a clearer sight of what that edge might be. We can then test it."

(Joe Wiggins)

Chart of the Day

How the ‘factor Olympics’ has played out in 2021.