Monday links: judging deals

Quote of the day

John Hempton, “A private equity firm is to be judged by the deals they walk away from.”  (Bronte Capital)

Chart of the day

7b5e8fa0c6847a6200eea4bbb3c36f23 Monday links:  judging deals

ARCT data by YCharts

An interesting REIT pairs trade.  (Capital Observer)


Time to rotate into Europe and emerging markets?  (Money Game)

Investors have rotated hard out of utilities.  (Bespoke)

$VIX watching is a new market obsession.  (YCharts Blog, The Reformed Broker)

There is a furious bull market in hay.  (FT)

High yield bonds

Investors like big high yield bond issues.  (Sober Look)

People are throwing the bubble word around in regards to junk bonds.  (Time, Income Investing)


John Bogle’s ten rules for investing.  (CBS News)

We don’t do a good job dealing with low probability, high impact events.  (Above the Market)

On the similarities between golf and trading.  (Crosshairs Trader)

Ponzi schemes

Know what a Ponzi scheme is before you accuse some one of running one.  (The Reformed Broker)

Why Ponzi schemes continue to work.  (Newsweek)


Eric Falkenstein’s new book The Missing Risk Premium: Why Low Volatility Investing Works  is out.  (Falkenblog)

Michael Mauboussin’s behavioral finance reading list including Thinking Fast and Slow by Daniel Kahneman.  (Simoleon Sense)

A positive review for Ludwig B. Chincarini’s Crisis of Crowding: Quant Copycats, Ugly Models, and the New Crash Normal.  (Reading the Markets)

Is Jeremy Siegel’s Stocks for the Long Run the worst-timed book ever?  (Big Picture)


We are in the give-up phase with Groupon ($GRPN).  (WSJ), Marketblog)

Are today’s Silicon Valley incumbents too strong to allow for many innovative companies?  (Dealbook)

Robert Rodriguez is bottom fishing in the for-profit education sector.  (YCharts Blog)

Manchester United ($MANU) is attracting short-sellers.  (FT Alphaville)


The CME Group ($CME) is set to launch a European exchange.  (WSJ)

Corporate profits are manipulated more now than ever.  (FT)

The art of the conference call.  (Investing Caffeine, Pragmatic Capitalism)

Banks heart Treasuries.  (Bloomberg)


Why index fund portfolios reign supreme.  (Rick Ferri)

Survivorship bias affects ETF backtesting as well.  (ETF Replay)

Russell Investments is closing a whole slew of ETFs.  (IndexUniverse, Focus on Funds)


Investors have “Russia fatigue.”  (beyondbrics)

Why China’s stock market is trading at new lows.  (Money Game)

Norway’s SWF wants to take on more long-term risk.  (FT)


Current data is not pointing towards a recession.  (Capital Spectator)

The Chicago Fed National Activity Index continues to rise below trend.  (Calculated Risk, Carpe Diem)

On the various flavors of uncertainty holding back an economic recovery.  (Gavyn Davies)

Why fiscal brinksmanship is bad for the economy.  (FT)

James Surowiecki, “The U.S. is excellent at importing cheap products from the rest of the world. Let’s try importing some human capital instead.”  (New Yorker)

Earlier on Abnormal Returns

What you missed in our Monday morning linkfest.  (Abnormal Returns)

Mixed media

The story of Hulu is one filled with contradictions.  (Fortune, AllThingsD)

The universal appeal of the iPad.  (Asymco)

Why you should give your staff June off.  (NYTimes)

Abnormal Returns is a founding member of the StockTwits Blog Network.

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.