Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the case for a re-pricing of Japanese equities.

Quote of the Day

"Backtesting, in short, remains a powerful, productive tool, assuming it’s used wisely, in part by avoiding the temptation to extract econometric blood out of statistical stones."

(James Picerno)

Chart of the Day

Bitcoin isn’t a hedge against inflation or stocks.