Quote of the day

Carl Richards, “We can’t unbundle risk and return, but I keep seeing people giving it their best shot.”  (Bucks Blog)

Chart of the day


As of March global stock markets stood at all-time highs in market cap terms.  (Carpe Diem)


The earnings cycle is pretty weak.  (The Reformed Broker, ibid)

How has the stock market done on tax day?  (Quantifiable Edges)

The payoff to rebalancing varies over time. (Capital Spectator)

Markets are not pricing in much in the way of default risk.  (FT)


Great traders often have a “quirky” approach to markets.  (TraderFeed)

Four steps to avoid money losing behaviors.  (Chuck Jaffe)

Female investors are more “risk aware” not “risk averse.”  (Above the Market)

How early life disasters affect CEO risk taking.  (SSRN via @jasonzweigwsj)

Trading is a “team sport.” A list of worthwhile sites for traders.  (TraderFeed)


Marissa Mayer’s job gets kicked into high gear post-Alibaba IPO.  (Quartz also Risk Reversal)

Google ($GOOG) is buying another drone startup.  (WSJ, TechCrunch)

Twitter ($TWTR) brings data reseller Gnip in-house.  (Recode, Pando Daily)

News flash: corporate America has a whole host of juicy tax breaks.  (Dealbook)

Online advice

Yet another online asset manager, Betterment, raises a big round from VCs.  (TechCrunch)

Learnvest raised a big round as well.  (BetaBeat)

How technology can improve financial planning.  (Nerd’s Eye View)

Financial advisors have a choice about technology: use it to better serve clients or risk becoming obsolete.  (Carl Richards)

The disruption of Wall Street is here.  (The Felder Report)


The Nasdaq correction could not have come at a worse time for the IPO market.  (FT)

The SEC is looking into the ‘maker-taker‘ market model.  (WSJ)

The forex market is increasingly embracing options and futures.  (Institutional Investor)

AngelList is now raising a fund to invest in the site’s angel investors.  (Digits, FT)


Three signs the economy is perking up.  (Fortune also BCA Research)

New homebuilder sentiment has leveled off.  (Calculated Risk)

Why has US construction productivity been stagnant?  (FT Alphaville)

Earlier on Abnormal Returns

Software is eating investment management. Get used to it. (Abnormal Returns)

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

Mixed media

On the high cost of procrastination.  (Dan Ariely)

The psychology of persuasion.  (Farnam Street)

Why you should take all your vacation time.  (Fast Company)

You can support Abnormal Returns by shopping at Amazon. Don’t forget to follow us on StockTwits and Twitter.

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.