Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at how random outcomes can cause wealth inequality.

Quote of the Day

"In the face of all the evidence, it is difficult to make the case that active share has any predictive value in terms of future risk-adjusted outperformance."

(Larry Swedroe)

Chart of the Day

The days around options expiration is having a disproportionate effect on markets.