Book review: Jake Halpern’s Bad Paper: Chasing Debt from Wall Street to the Underworld is a page-turner. (Reading the Markets)
Quote of the Day
"Talk to people more. Read more long content and less tweets. Watch less TV. Spend less time on the Internet."
(Sam Altman)
Strategy
- The stock market can be calm for a long time...until it isn't. (awealthofcommonsense.com)
- Margin debt doesn't tell us much about the state of the stock market. (ritholtz.com)
- How do "high carry assets" react to higher interest rates? (blog.thinknewfound.com)
Companies
- How big a threat is Airbnb to the hospitality industry? (fortune.com)
- The Apple ($AAPL) Watch is not really a watch. (aboveavalon.com)
- Every company these days is a software company. (fortune.com)
- Twitter ($TWTR) just can't seem to get out its own way. (howardlindzon.com)
Finance
- Why universities love to hire David Swensen proteges. (wsj.com)
- Is Symphony a threat to Bloomberg's messaging function? (institutionalinvestor.com)
- AIG ($AIG) experienced liquidity and solvency issues back in 2008. (papers.ssrn.com)
- Why you are unlikely to escape your high paying finance job. (news.efinancialcareers.com)
ETFs
- How do you best capture the value effect? (etf.com)
- Now you can invest like an activist with the Global X Guru Activist Index ETF ($ACTX). (bloomberg.com)
- The ETF Deathwatch for April 2015. (investwithanedge.com)
Global
- The value gap between developed and emerging markets is at a decade-high. (ft.com)
- Poland was able to sell Swiss franc denominated debt with a negative yield. (ft.com)
Economy
- Q1 GDP was bad. The question is how much of it was weather-related? (crossingwallstreet.com)
- Ben Bernanke on the Taylor Rule. (brookings.edu)
Earlier on Abnormal Returns
- Personal finance links: 401(k) pitfalls. (abnormalreturns.com)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)
