Book Q&A: A discussion with Rosabeth Moss Canter author of Move: Putting America’s Infrastructure Back in the Lead. (Business Insider)
Quote of the Day
"Investors have become infatuated with calling the next correction, crash or market top because so many lost money during the last crisis. The next time the market tops out it will seem so easy to have predicted it after the fact."
(Ben Carlson)
Markets
- Crowded trades get unwound. (thereformedbroker.com)
- Three recently dead narratives including the end of the "mobile ad gravy train." (csen.tumblr.com)
- Cash is still sloshing around looking for a home. (howardlindzon.com)
Strategy
- The impossible math behind future bond returns. (gmo.com)
- How different, is different, for active managers? (investorfieldguide.com)
Trading
- Ten things learned from traders in Chicago. (mikebellafiore.tumblr.com)
- Important blind spots for traders. (tradingwisdoms.com)
Companies
- Plotting Apple ($AAPL) sales trends. (kieranhealy.org)
- McDonald's ($MCD) is having an existential crisis. (bloomberg.com)
- Berkshire Hathaway ($BRKB) investors are looking to a time without Warren Buffett. (wsj.com)
- Twitter ($TWTR), the company, is at an unhappy crossroads. (slate.com)
- Twitter ($TWTR) made a crucial mistake 5 years ago. (mathewingram.com)
- The problem with Twitter ($TWTR) ads. (wsj.com)
Finance
- The day that changed Wall Street forever: the end of fixed commissions. (blogs.wsj.com)
- T Rowe Price ($TROW) is funneling some orders to Virtu ($VIRT). (wsj.com)
- Wall Street just can't keep its hands off the peer-to-peer lending space. (bloomberg.com)
Funds
- The May Mutual Fund Observer is out with a look at the "dry powder crowd." (mutualfundobserver.com)
- Implications from the rise of passive investing. (econompicdata.blogspot.com)
- Why fees as a percentage of AUM make sense. (pragcap.com)
Economy
- The April ISM Manufacturing index is still in expansion mode. (calculatedriskblog.com)
- The Fed is still in "wait and see" mode. (economistsview.typepad.com)
Earlier on Abnormal Returns
- Podcast links: a moment in the sun. (abnormalreturns.com)
- What you may have missed in our Thursday linkfest. (abnormalreturns.com)
