Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at how finfluencers fall into a regulatory gray area.

Quote of the Day

"Value traps exist when a company appears statistically inexpensive, often based on the P/E as compared to the stock’s past or to the market overall, but the future drivers of TSR perform poorly."

(Michael J. Mauboussin and Dan Callahan)