Quote of the day

Nate Silver, “To the extent that you can find ways where you’re making predictions, there’s no substitute for testing yourself on real-world situations that you don’t know the answer to in advance.”  (Fast Company)

Chart of the day

MSCI ($MSCI) shares tank on the news Vanguard is shifting indices.  (ETF Trends)


Day One notes from the Value Investing Congress.  (market folly, The Reformed Broker, part 2)

David Rosenberg on when to get bullish.  (Money Game)

Investors love I-Bonds.  (Learn Bonds)


We are more uncertain about risk than we think we are.  (Kid Dynamite)

How much do you need to trade for a living?  (Brian Lund)

You can’t improve your financial situation until you know where you stand. (Bucks Blog)

Private equity

The private equity industry has more money than they know what to do with.  (Dealbook contra The Epicurean Dealmaker)

Dan Primack, “Logic and private equity aren’t always the best of friends.”  (Fortune)


Banks are coining money on new mortgage origination.  (FT)

A bank-timing strategy based on the $VIX.  (Falkenblog)

Can securitization save medical R&D?  (Felix Salmon)


Vanguard is shifting index providers to save a buck or two.  (Focus on Funds)

Behind Schwab’s ($SCHW) move to cut ETF fees to the bone.  (Businessweek)

Passive indices continue to beat up on active mutual fund managers.  (IndexUniverse)


Australia’s central bank cut rates overnight.  (FT Alphaville)

The case for Indonesia.  (Slate)


Ben Bernanke defends the Fed against “five myths.”  (Money Game, Real Time Economics)

Checking in on the probability of a recession.  (Econbrowser, Calafia Beach Pundit)

The pickup truck indicator is still positive.  (Bespoke via Marketblog)

America needs to give out more green cards.  (Quartz)

Earlier on Abnormal Returns

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


A rave review for Nate Silver’s The Signal and the Noise: Why So Many Predictions Fail-but Some Don’t.  (Reading the Markets)

What one book Jack Dorsey gives all new Square employees: The Checklist Manifesto by Atul Gawande.  (SAI)


Why are we so rude online?  (WSJ)

Better ergonomics for using your computer.  (The Atlantic)

Why oh why do we have to click so much to see a full article on the web?  (Slate)

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

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.