Book alert: Looking forward to reading the latest from Meb Faber, Global Asset Allocation: A Survey of the World’s Top Investment Strategies. (Meb Faber Research)
Quote of the Day
"In essence, novelty causes stress and stress causes us to behave differently from the way that we do in more normal, less novel, situations. "
(Tim Richards)
Chart of the Day
Consumer discretionary stocks have been crushing their consumer staples cousins.
Markets
- Remembering the 1987 stock market crash. (midnighttrader.tumblr.com)
- Reviewing how energy stocks performed during past oil price crashes. (blog.abglobal.com)
Strategy
- Why being a permabull or permabear never makes sense. (pragcap.com)
- How our memories fail us as investors. (researchpuzzle.com)
- Investors are prone to the "grass-is-always-greener" syndrome. (awealthofcommonsense.com)
- Why financial forecasters are so bad. (fool.com)
Companies
- How much is IAC/Interactive ($IACI) Tinder worth? (microfundy.tumblr.com)
- Google's ($GOOG) still doesn't make any money. (wsj.com)
- How Apple ($AAPL) can continue to grow iPhone sales. (aboveavalon.com)
Finance
- A profile of Leda Braga of Systematica Investments the largest female-owned hedge fund manager. (bloomberg.com)
- Public pension funds are no longer unassailable. (nytimes.com)
- Cerberus is getting into the single-family home rental market. (bloomberg.com)
Economy
- Weekly initial unemployment claims jumped last week. (calculatedriskblog.com)
- The real meaning of $9 an hour wages at Wal-Mart ($WMT). (time.com)
Earlier on Abnormal Returns
- When it comes to the markets a little humility goes a long way. (abnormalreturns.com)
- Longform links: the State of the Union address keeps getting dumbed down. (abnormalreturns.com)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)
