Quote of the day

Joshua Brown, “I think the biggest surprise for me when going back through financial history is that nothing – literally nothing – has changed since the dawn of investing. ”  (Talking Biz News)

Markets

Jeff Miler, “Divergences seems like a manufactured problem.”  (A Dash of Insight)

What does small cap underperformance tell us, if anything?  (TraderFeed)

How would you react if the markets did a whole lot of nothing?  (The Reformed Broker)

Should we skeptical about the performance of the stock market on Tuesdays YTD?  (Statistical Ideas)

Strategy

Just how bad are fund investors at market timing?  (WSJ also The Mathmetical Investor)

Dasan, “Discipline is realizing when you have made money for the wrong reason.”  (Dasan)

On the value of “a consistently applied risk management process.”  (Derek Hernquist)

What Pete is doing with his money.  (Pete the Planner)

Research

Ten myths about momentum investing debunked.  (SSRN)

Momentum has not yet been “overgrazed.  (SSRN)

Companies

The case for Apple ($AAPL) buying Beats.  (Dave Pell, The Daily Ticker, The Atlantic, The Verge, GigaOM)

The market does not believe Yahoo ($YHOO) can make hay with its Alibaba windfall.  (Aswath Damodaran)

Tesla ($TSLA) is bettting big on China.  (Recode)

Finance

Molycorp ($MCP) as an example of how the hype machine works.  (research puzzle pix)

Dealer inventories of non-Treasury bonds have dramatically dwindled.  (Sober Look)

ETFs

On the (unfinished) state of the actively managed ETF space.  (ETF)

Global

What caused the turnaround in European peripheral bond yields?  (Joe Weisenthal)

Economy

What if low inflation is a feature not a bug of the modern economy?  (Pragmatic Capitalism)

2014 will be a great year for hotels.  (Calculated Risk)

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

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

How Alexander Hamilton helped end the Crash of 1792.  (Liberty Street Economics via BW)

Earlier on Abnormal Returns

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

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

Mixed media

Joshua Brown and Jeff Macke’s Clash of the Financial Pundits: How the Media Influences Your Investment Decisions for Better or Worse is filled with “tons of hidden gems.”  (Millenial Invest)

Steven Levitt and Stephen Dubner’s Think Like a Freak: The Authors of Freakonomics Offer to Retrain Your Brain is “as good” as Freakonomics.  (Marginal Revolution)

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