Friday links: learning the hard way

On the high cost of active management from Lars Kroijer author of Investing Demystified: How to Invest Without Speculation and Sleepless Nights.  (Monevator)

Quote of the day

Morgan Housel, “One of the biggest ironies in investing is that while almost everyone thinks they are a contrarian, almost no one actually is.”  (Motley Fool)

Chart of the day

DBA 0214 397x420 Friday links:  learning the hard way

Agricultural prices are on the rise.  (Bonddad Blog)


Stop orders don’t protect you from gaps.  (Kid Dynamite)

Good luck picking winners in the emerging markets.  (The Reformed Broker)

Just about any business is worth buying at the right price.  (Business Insider)

Not all low vol indices are created alike.  (ETF)


A serial forecaster is back for another bite of the apple.  (Above the Market)

Why you can’t rely on any single expert.  (Daily Finance)

Hedge funds

Where John Paulson sees further industry consolidation.  (MoneyBeat)

Comebacks are possible in the investing game.  (TRB)


Times really are changing at Berkshire Hathaway ($BRKB).  (The Brooklyn Investor)

Here’s betting Twitter ($TWTR) would like to have purchased Instagram.  (Quartz)

Net of cash Google ($GOOG) is now more valuable than Apple ($AAPL).  (Daring Fireball)

IBM’s ($IBM) $20 earnings goal is a tough slog.  (GigaOM)

AOL ($AOL) is not the only company trying to put the squeeze on 401(k) benefits.  (Bloomberg)


What are the odds that the Comcast-Time Warner Cable deal goes through unscathed?  (Quartz, Dealbook, The Guardian, WSJ, Recode)

Why Comcast is a serial acquirer.  (Economist)

Private equity is the new banking.  (FT)

Be careful what you read online about companies.  (Barron’s)


Industrial production fell in January.  (Calculated Risk, Capital Spectator)

Why wages are starting to rise.  (Fortune)

Earlier on Abnormal Returns

What you missed in our Thursday linkfest.  (Abnormal Returns)

Mixed media

A rave review for Meghan McArdle’s The Up Side of Down: Why Failing Well Is the Key to Success.  (Aleph Blog)

Why the New York Times ($NYT) hired a data scientist to comb through its data.  (Fast Company)

How to get the most out of your media experience.  (Farhad Manjoo)

You can support Abnormal Returns by visiting Amazon. You can also follow us on StockTwits and Twitter.

Abnormal Returns is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to If you click on my links and buy anything, even something other than the product advertised, I earn a small commission, yet you don't pay any extra. Thank you for your support.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus
  • Tadas ViskantaAbnormal Returns has over its seven-year life become a fixture in the financial blogosphere. Over thousands of posts we have striven to bring the best of the financial blogosphere to readers. In that time the idea of a “forecast-free investment blog” remains as useful as it did six years ago. More »

  • StockTwits Follow Abnormal Returns on StockTwits Follow Abnormal Returns on Twitter Follow StockTwits on Facebook Subscribe to Abnormal Returns RSS via Email Subscribe to Abnormal Returns RSS
  • Recent Posts

  • Archives

  • Join StockTwits
  • Get Updates!

    100% Privacy. We don't spam.