Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the headwinds facing private equity returns.

Quote of the Day

"The overwhelming body of evidence demonstrates that active investing, whether in mutual funds or hedge funds, has been a loser’s game. It’s a game that is possible to win but whose odds are so poor it’s not prudent to try."

(Larry Swedroe)

Chart of the Day

Was the introduction of growth and value index funds a mistake?

(morningstar.com)

Research