Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the role of gold in a diversified portfolio.

Quote of the Day

"Market timing requires a model and although it is already hard enough to discover one that is robust over time, it is far from a sufficient condition for profitability. Profitability also requires adhering to strict risk management rules."

(Michael Harris)

Chart of the Day

Do carbon credits belong in a portfolio?