Book notes: A look at Robert Pozen and Theresa Hamacher’s updated The Fund Industry: How Your Money Is Managed. (Reading the Markets)
Quote of the Day
"We all know Warren Buffett is a very clever, very successful investor. Warren Buffett hates level playing fields."
(TED)
Markets
- Elevated sentiment is a red flag for the market. (thefatpitch.tumblr.com)
- The dividend return to investors. (crossingwallstreet.com)
- Hello, Nasdaq 5000. (thereformedbroker.com)
Strategy
- You are not Warren Buffett. (bloombergview.com)
- Six red flags for any investment strategy. (bencarlsonyahoofinance.tumblr.com)
Companies
- Visa ($V) won the Costco ($COST) credit card derby. (fortune.com)
- Samsung's phone dilemma. (aboveavalon.com)
- Google ($GOOG) is forming its own cell network. (fortune.com)
- Lumber Liquidators ($LL) is down on a rough 60 Minutes report. (bloomberg.com)
Finance
- The banks have never recovered their swagger from the pre-crisis era. (ft.com)
- How private equity bigwigs like Steven Schwarzman get paid. (medium.com)
- Why are the big financials, like Goldman Sachs ($GS), reinventing themselves? (howardlindzon.com)
Funds
- Long Vanguard, short Pimco was a good trade last year. (ft.com)
- Bond ETFs are going mainstream. (wsj.com)
- March mutual fund commentary is up with a look at the challenges facing alternative funds. (mutualfundobserver.com)
- The SEC is contemplating changing how bond funds are able to management creation/redemption baskets. (reuters.com)
Economy
- The ISM Manufacturing index declined in February. (calculatedriskblog.com)
- The Fed is worried markets are not taking seriously the possibility of rate hikes. (economistsview.typepad.com)
- Americans are continuing to eat out more. (calculatedriskblog.com)
- The golden age of natural gas is here. (economist.com)
Earlier on Abnormal Returns
- Research links: statistical distortions. (abnormalreturns.com)
- What books Abnormal Returns purchased in February 2015. (abnormalreturns.com)
- What you may have missed in our Sunday linkfest. (abnormalreturns.com)
