Book review: Misbehaving: The Making of Behavioral Economics by Richard Thaler is “both engrossing and highly relevant.”
Quote of the Day
"I love how he [Warren Buffett] criticizes hedge funds, yet he had the first hedge fund,” Mr. Loeb said. “He criticizes activists, he was the first activist. He criticizes financial services companies, yet he loves to invest in them. He thinks that we should all pay taxes, yet he avoids them himself.
(Dan Loeb)
Markets
- What does "quite high" mean in relation to stock valuations? (washingtonpost.com)
- Dividend-paying stocks are struggling. (disciplinedinvesting.blogspot.com)
- What time of day are investors most bullish? (stocktwits.tumblr.com)
Strategy
- A history of bond market corrections. (awealthofcommonsense.com)
- Why bond markets shouldn't be that afraid of higher oil prices. (ftalphaville.ft.com)
- How to (gradually) deal with an elevated market. (alphabaskets.com)
ETFs
Economy
- Weekly initial unemployment claims are at 15-year lows. (calculatedriskblog.com)
- Welcome to the bond bear market. (scottgrannis.blogspot.com)
- Demographics are improving for the US economy. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Longform links: a big cattle heist. (abnormalreturns.com)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)
