Book review: The Incredible Shrinking Alpha, by Larry Swedroe and Andrew Berkin highlight the challenges facing active manager’s today. (Nerd’s Eye View)
Quote of the Day
"So if you want to make better decisions, start by working out how you can make fewer of them."
(Robert Seawright)
Strategy
- "Normal" markets are few and far between. (awealthofcommonsense.com)
- Are we still in a bull market? (midnighttrader.tumblr.com)
- How hedge funds generate alpha. (integrity-research.com)
Companies
- CEOs say the funniest things. (bloombergview.com)
- Wal-Mart ($WMT) wants to take on Amazon ($AMZN) on the shipping front. (reuters.com)
ETFs
- Multi-factor ETFs are the new hot thing in the smart beta trend. (ft.com)
- A closer look at some systematic ETFs. (quantstrattrader.wordpress.com)
- Why ETF issuers are boosting bank credit lines. (reuters.com)
- The SPDR DoubleLine Total Return Tactical ETF ($TOTL) now has $500 million in AUM. (wealthmanagement.com)
Global
Economy
- First quarter economic seasonals are all messed up. (ftalphaville.ft.com)
- A modeling question: just how low can house prices go? (calculatedriskblog.com)
- Like it or not we are being nudged 24/7. (bloombergview.com)
Earlier on Abnormal Returns
- Longform links: profit marginalia. (abnormalreturns.com)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)
