Book note: Warren Buffett’s endorsement has pushed Jack Bogle’s The Little Book of Common Sense Investing: The Only Way to Guarantee Your Share of Stock Market Returns back onto the bestseller list. (MoneyBeat)
Quote of the Day
In short, while one can be willing to accept that there are smart fund managers who can outperform the market, the trick is identifying such managers in advance. This process seems as difficult as identifying hit films in advance; in that business, as William Goldman wrote once "Nobody knows anything".
(The Economist)
Chart of the Day
Sometimes, the next big thing in the stock market is the last big thing: the case of biotech.
Markets
- Apple ($AAPL) joins the Dow. (wsj.com)
- The skeptical take on biotechs. (bloomberg.com)
- What CEOs are saying about the state of the economy. (skrisiloff.tumblr.com)
Strategy
- Traders could benefit from coaching. (economist.com)
- Millennials are buying the wrong type of stocks. (millennialinvest.com)
Bubble debate
- An angel investing bubble would have a lot less damage than the Dotcom bubble. (philpearlman.tumblr.com)
- There are way too many apps chasing too many angel investors. (blogmaverick.com)
- Putting the so-called "tech bubble" into perspective. (pragcap.com)
- Mark Cuban is looking for problems in the wrong place. (fortune.com)
- Are there some crazy valuations in the startup world? You bet. (pointsandfigures.com)
Apple
- The Apple ($AAPL) Watch is a big, big bet. (qz.com)
- A practical Apple ($AAPL) Watch wish-list. (imore.com)
- A profile of designer Jony Ive on the brink of the launch of the Apple Watch. (howtospendit.ft.com)
Finance
- Is Berkshire Hathaway's ($BRKA) book value a less relevant measure of value? (brooklyninvestor.blogspot.com)
- CVS ($CVS) and Walgreen's ($WAG) hate paying property taxes. (bloomberg.com)
ETFs
- Fund managers are having a hard time finding bonds. (ft.com)
- ETF statistics for February 2015 shows a jump in actively managed assets. (investwithanedge.com)
Economy
- The February NFP report was solid. (calculatedriskblog.com)
- Ten charts on the employment situation (blogs.wsj.com)
- Retailers are fighting over lower wage workers. (bloomberg.com)
Earlier on Abnormal Returns
- Podcast links: fixing mistakes and eliminating bad ideas. (abnormalreturns.com)
- What you may have missed in our Thursday linkfest. (abnormalreturns.com)
