Quote of the day
Morgan Housel, “Most financial advice tries to make people better investors. I’ve come to the conclusion that it’s more helpful to focus on how to become a less-bad investor.” (Motley Fool)
Chart of the day
The New High-New Low indicator is diverging from the broader market. (Charts etc.)
Markets
A look at major asset class performance for October. (Capital Spectator)
Why investors should hope that 2013 ends like 1995. (Market Anthropology)
Making the case that the stock market isn’t overvalued. (Business Insider)
Comparing the value of the S&P 500 to corporate credit. (Avondale Asset)
Crude oil has rolled over. (Bonddad Blog)
Strategy
Day of the month seasonality for November. (MarketSci Blog)
On the information content of bond ETF premiums. (Empiritrage)
Investors need to make sure they are benchmarking their managers properly. (Turnkey Analyst)
Finance
Even Paul Allen thinks Microsoft ($MSFT) should spin-off consumer businesses. (FT)
The Libor scandal continues to spread out. (NYTimes)
ETFs
Financial advisors LOVE commission-free ETFs. (InvestmentNews)
The lowest cost ETFs don’t always succeed. (IndexUniverse)
Why investors are pouring money into ultrashort-bond ETFs. (Morningstar)
Global
South Korea is growing. (Business Insider)
Meet the new Japan, it’s called Europe. (Quartz)
Europe need some inflation, pronto. (Buttonwood)
Why does Sweden have so many billionaires? (Slate)
Economy
The ISM Manufacturing report for October shows strong growth. (Bespoke, Calculated Risk)
The drop in government infrastructure spending charted. (FT Alphaville)
Earlier on Abnormal Returns
What you may have missed in our Thursday linkfest. (Abnormal Returns)
Mixed media
Humans love lists. Get over it. (The Reformed Broker earlier Abnormal Returns)
Just like decision fatigue, moral fatigue seems to be a thing. (Businessweek)
Good luck trying to hire a Nate Silver-like ‘data scientist‘ these days. (Wired)
Why the US needs just two time zones and should kick daylight savings to the curb. (Quartz)
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