Sunday links: lucky or smart

Quote of the day

Ron Lieber, “As with any investor, we simply cannot know ahead of time whether a high-performing mutual fund manager or investment adviser is lucky or smart, let alone whose smarts and luck will last for the half-century or more that we all intend to be investors.”  (NYTimes)

Chart of the day

SUPUDP 0414 624x372 Sunday links:  lucky or smart

Breadth help up pretty well during the correction.  (StockCharts Blog)

Smart beta debate

Why smart beta funds are not a substitute for index funds.  (Burton Malkiel)

All investors, despite their claims, are active to some degree.  (Pragmatic Capitalism)

Four criteria by which you can evaluate any strategy: passive or active.  (Millenial Invest)


Jeff Miller, “Investing is not like a poker game, where you go “all in” or completely sit out.”  (A Dash of Insight)

Floating rate Treasuries as a CD alternative.  (Jason Zweig)

Sharing ideas leads to more ideas not less.  (TraderFeed)

On the difference between shallow and deep risks.  (A Wealth of Common Sense)


What I learned on the sell-side.  (A Wealth of Common Sense)

The new realities of private equity.  (McKinsey via @epicureandeal)

Recent venture capital funding has been “top-heavy.”  (TechCrunch, Term Sheet)

Poison pills are no being used to fend off activist investors.  (Dealbook)


The definitive guide to 2014 ETF taxation.  (ETF)


What is going with UK home prices?  (Sober Look)


Banks are beginning to ease their mortgage lending standards.  (WSJ, ibid)

Signs that the US consumer is largely done deleveraging.  (voxEU)

Does inflation make your poorer?  (Noahpinion)

Rail traffic is once again headed higher.  (Pragmatic Capitalism)

US heavy truck sales have been sluggish.  (Calculated Risk)

A look back at the economic week that was.  (Bonddad Blog, Big Picture)

The economic schedule for the coming week.  (Calculated Risk, Turnkey Analyst)

Earlier on Abnormal Returns

Top clicks this week on the site.  (Abnormal Returns)

Active vs. passive: try harder or do something easier?  (Abnormal Returns)

Automated investment management as a transitional moment for advisors.  (Abnormal Returns)

What you may have missed in our Saturday linkfest.  (Abnormal Returns)

Mixed media

Cash money is dirtier than previously thought.  (WSJ)

Passwords are obsolete.  (Medium)

On the PhD glut.  (Priceonomics)

You can support Abnormal Returns by shopping at Amazon. Don’t forget to 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.