Wednesday links: pension assumptions

If you haven’t done it already think about signing up for our daily e-mail, thousands of other Abnormal Returns readers already have.

Quote of the day

Andy Kessler, “Who wouldn’t want 7.5%-8% returns these days? Ten-year U.S. Treasury bonds are paying 1.74%. There is almost zero probability that Calpers will earn 7.5% on its $255 billion anytime soon.”  (WSJ)

Chart of the day

CORN 0413 624x303 Wednesday links:  pension assumptions

The corn market is pricing in a record crop.  (WSJ)


Goldman Sachs goes negative on gold.  (FT Alphaville, Quartz)

The high yield bond market is running out of a “margin for error.”  (research puzzle pix)

What can we really expect return-wise for the S&P 500 over the next decade?  (Mark Hulbert)

Debunking the bond bubble talk.  (Term Sheet)


Momentum is a better portfolio partner for value than growth.  (Morningstar)

Don’t get hung up putting a label on markets.  (Joe Fahmy)

A review of Gray and Carlisle’s Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors .  (Inside Investing)


Are markets rigged?  (Points and Figures)

Volume in the corporate debt market is moribund.  (FT)

Why are Fannie and Freddie still around?  (Dealbook)

On the steady decline in hedge fund returns.  (HFI)


A new “exchange” to trade Bitcoin.  (TechCrunch)

Bitcoin as tulip bulb.  (Vanity Fair)


Is your investment manager too clever by half?  (Amazon Money & Markets)

Now neuroscientists are pitching mutual funds.  (Scientific American)

The WisdomTree Japan Hedged Equity ETF ($DXJ) is getting a small cap cousin.  (InvestmentNews)


Why has Canada avoided bank crises?  (Real Time Economics)

On the myth of the (Japanese) bond vigilantes.  (Credit Writedowns)

Why Cyprus must leave the Euro.  (Felix Salmon)


Good news. People are quitting their jobs at a faster pace.  (Real Time Economics)

Estimates of US gas reserves get bumped up.  (WSJ)

Earlier on Abnormal Returns

Choosing simplicity as a default investment strategy.  (Abnormal Returns)

Mixed media

Tom Cochran, “To me, email is “the most abused method of communication in every office environment.  (HBR)

Evidence that it is now possible to keep a liver viable outside the human body.  (Slate)

Thanks for checking in with Abnormal Returns. You can 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.