Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at whether multi-tasking portfolio managers underperform.

Quote of the Day

"While many would like to believe that building models is a science, there is a lot art to finding the right model."

(Mark Rzepczynski)

Chart of the Day

The 2020-21 era was rough for IPOs. (chart via @ycharts)