Quote of the day

Morgan Housel, “Even though we have more financial data than ever, investing is just as much an art as it was when Ben Graham criticized it almost a century ago.”  (Motley Fool)

Chart of the day

DJIIA_1113

A look at the Dow on an inflation-adjusted basis.  (Economix)

Markets

Jeremy Grantham’s latest provides fodder for everyone.  (Kid Dynamite, Business Insider)

Chinese stocks are sitting just below important resistance.  (Market Anthropology)

Investors are bidding up junk stocks.  (Bloomberg)

REITs are on sale.  (BCA Research)

Ten high-conviction picks from the ultimate stock pickers.  (Morningstar)

Strategy

Don’t expect to see accurate bubble calls on the front page of the mainstream media.  (Barry Ritholtz also Capital Spectator)

When a declining stock price is a blessing in disguise.  (Vitaliy Katsenelson)

Investors are still overweight bonds.  (Simon Lack)

Applying the smell test to backtested results.  (Morningstar)

The case for holding for the long-term: taxes.  (Turnkey Analyst)

Do you need a proprietary trading platform?  (SMB Training)

Companies

3M ($MMM) is finding organic growth harder and harder to find.  (WSJ)

Competition is ebbing in the airline industry.  (Felix Salmon)

Media

The NFL and MLB may take their balls leave free TV.  (BusinessWeek)

The evolution of Bloomberg News.  (Felix Salmon)

Just how big is ESPN?  (The Atlantic)

The media is a two-way street.  (The Reformed Broker)

Startups

Now DropBox is raising money at a $8 billion valuation.  (BusinessWeek, TechCrunch, Yahoo Finance)

Startups are making it possible for individuals to IPO themselves.  (NYMag)

ETFs

What is the problem with smart beta?  (IndexUniverse)

Five criteria for measuring a mutual fund.  (Vanguard)

A look at Franklin Templeton’s ($BEN) first ETF the Franklin Short Duration U.S. Government ETF ($FTSD).  (IndexUniverse)

Economy

Earlier on Abnormal Returns

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

Luck

Why it is important to acknowledge the role luck plays in outcomes.  (HBR)

How luck played a big role in the rise of The Beatles.  (Cass Sunstein)

Mixed media

Older Americans are increasingly supporting adult children.  (Real Time Economics, Time)

Where was the $1.5 billion from MF Global all this time?  (Fortune)

Thanks for checking in with Abnormal Returns. You can follow us on StockTwits and Twitter.

More Posts This Week

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.