Book review: David McCullough’s The Wright Brothers is “concise, exciting and fact-packed book..” (NYTimes.com)
Quote of the Day
"Do you think you will remain calm in the face of a 50% decline in one or several of your holdings and you will ride them back to new all-time highs? Think again. Most people will give up and sell in the face of such big losses. You have to plan for your inherent human weaknesses. You need to have a clear strategy that will your protect profits and confidence."
(Ivanhoff)
Strategy
- Smaller companies are, to no surprise, "junkier." (investorfieldguide.com)
- Are investor returns as bad as commonly thought? (econompicdata.blogspot.com)
Ira Sohn Conference 2015
- Notes from the Ira Sohn Conference, part one. (thereformedbroker.com)
- Notes from the Ira Sohn Conference, part two. (thereformedbroker.com)
- Notes from the Ira Sohn Conference, part three. (thereformedbroker.com)
- A one-stop post for notes from the Ira Sohn Conference. (marketfolly.com)
Companies
- Why Warren Buffett is happy to outsource job cuts to 3G. (nytimes.com)
- The forthcoming Apple ($AAPL) TV is going to have a touch screen remote. (nytimes.com)
Hedge funds
- A list of the top-earning hedge fund managers of 2014. (institutionalinvestorsalpha.com)
- More color on the full list. (nytimes.com)
- Artificial intelligence is the next wave in hedge fund performance seeking. (qz.com)
Finance
- What investors are paying private equity managers for. (ft.com)
- Why Goldman Sachs ($GS) wants to get a piece of online lending. (buzzfeed.com)
Funds
- The Vanguard Total Market Bond Index Fund is now the world's largest bond fund. (wsj.com)
- Not all index funds are 'passive.' (news.morningstar.com)
- Comparing the performance of active and passive target-date mutual funds. (investmentnews.com)
Economy
- 20 charts that show the slump is behind us. (scottgrannis.blogspot.com)
- The factors that influence wealth in America. (bloomberg.com)
Earlier on Abnormal Returns
- Startup links: the return to innovation. (abnormalreturns.com)
- What you may have missed in our Monday linkfest. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in April 2015. (abnormalreturns.com)
