The full second quarter 2019 issue contains a Viewpoint on crypto asset regulation, a Perspectives article on spending policy, and five research articles: (1) “Revenge of the Stock Pickers,” showing how much alpha is left behind by ETFs in a sudden selloff, (2) “What Is Quality?,” an in-depth investigation into quality factors, (3) a study of the market impact costs of factor strategies, (4) a demonstration of the benefit of tax management, and (5) “Trusting Clients’ Financial Risk Tolerance Survey Scores.”