Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out including a look at the difference between arithmetic and geometric returns.

Quote of the Day

“If there is reason to believe that companies are vulnerable to climate risk or the impact of some other E.S.G. factor, fiduciaries are obligated to consider those factors.”

(Cynthia Hanawalt)

Chart of the Day

How long it has taken for various asset classes to recover losses, historically.