Book review: The Age of Em: Work, Love and Life When Robots Rule the Earth by Robin Hanson looks at a world where humans are largely on the sidelines. (FT)
Quote of the Day
"But one of the reasons the S&P 500 is so hard to beat is because it has a built-in mechanism to let the winners ride by the way it’s constructed."
(Ben Carlson)
Markets
- Dividends are too high and investment too low. (wsj.com)
- Fund managers are holding more cash than usual. (fat-pitch.blogspot.com)
Strategy
- Should you pay attention to 13-F reports? (dashofinsight.com)
- Why you should understand an ETF's strategy: the case of AlphaClone Alternative Alpha ETF ($ALFA). (etf.com)
Offers
- Subscribe today to Modern Trader magazine and get four bonus offers including an extra month free. (moderntrader.com)
- Who doesn't like to laugh? Then sign up for a free trial to SEESO 'where the best comedy lives.' (amazon.com)
Companies
Finance
- Why do the big college endowment funds outperform? In a word, more risk. (ai-cio.com)
- Ten phrases to excise from your marketing pitch. (allaboutalpha.com)
- Lending Club's ($LC) downfall was due in part to its dependence on Wall Street. (bloomberg.com)
Funds
Economy
- Weekly initial unemployment claims are still trending well below 300k. (calculatedriskblog.com)
- Economic surprises continue to trend negative. (vixandmore.blogspot.com)
- June is still on the table, says the Fed. (economistsview.typepad.com)
Earlier on Abnormal Returns
- Longform links: funding portals. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
