Book insights: Why you can’t trust even your fondest memories: insights from Guy P. Harrison’s Think: Why You Should Question Everything. (Farnam Street)
Quote of the Day
"So if you can get a couple of decent years together and a decent story and then slide quietly into mediocrity, it’s a recipe for success for your fund company, and a recipe for disappointment for investors.'
(David Snowball)
Markets
- Equity investors need to recognize that drawdowns happen. (theirrelevantinvestor.tumblr.com)
- How to buy Alibaba ($BABA) at a big discount. (institutionalinvestor.com)
Strategy
- Why real interest rates matter when it comes to comparing equity market earning yields. (philosophicaleconomics.com)
- Why doing nothing is so difficult. (awealthofcommonsense.com)
- Jesse Felder, "The single greatest mistake investors make is to extrapolate recent history out into the future." (thefelderreport.com)
Apple
- On the big difference between Microsoft ($MSFT) and Apple ($AAPL). (qz.com)
- Smartphone purchasers want the iPhone 6. (fortune.com)
- An Q1 Apple ($AAPL) earnings preview. (aboveavalon.com)
Finance
- Signs of froth in the peer-to-peer loan market. (ftalphaville.ft.com)
- Activist investors are pushing back against buttoned-up spinoffs. (wsj.com)
- A report on how much do hedge fund analysts make. (sumzero.com)
- The Winkelvii want to create a regulated exchange for Bitcoin. (dealbook.nytimes.com)
Global
- The challenges facing the ECB's attempt at quantitative easing. (nytimes.com)
- Why is Canada cutting interest rates? (ftalphaville.ft.com)
Economy
- The nine most important economic charts from the week. (qz.com)
- Who is moving out of the US labor force? (marginalrevolution.com)
Earlier on Abnormal Returns
- Podcast links: on the risk of burning out. (abnormalreturns.com)
- What you may have missed in our Thursday linkfest. (abnormalreturns.com)
