Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out including a look at why anomalies are weakening over time.

Quote of the Day

"It’s no exaggeration to state that Markowitz did more than advance a theory of portfolio construction. He created the very foundation of today’s investment practices."

(John Rekenthaler)

Chart of the Day

How factors performed in the first half of 2023.