Book review: A contrary take on stress from The Upside of Stress: Why Stress is Good for You, and How to Get Good at It by Kelly McGonigal. (Guardian)
Quote of the Day
"Algorithmic trading has really made the markets unsafe for comedy."
(Matt Levine)
Markets
Strategy
- Why tactical asset allocation almost always disappoints. (rpseawright.wordpress.com)
- Why tactical fixed income strategies are different. (blog.thinknewfound.com)
- Want a portfolio diversifier? Buy bonds. (news.morningstar.com)
- Great investors learn from their mistakes. (awealthofcommonsense.com)
- Five investment lessons learned from Mad Max. (maliceforall.com)
Trading
- Why traders need to be happy to take losses. (adamhgrimes.com)
- 10 steps to becoming a better trader. (stockcharts.com)
Companies
- Facebook ($FB) beats Twitter ($TWTR) again. (fortune.com)
- Carl Icahn just invested in Lyft. (bloomberg.com)
Finance
- The SEC's Edgar system is pretty much wide open to hackers. (nytimes.com)
- Institutional investors love buying farmland. (vox.com)
- A new class of endowment managers are leading the pack. (bloomberg.com)
The fund biz
- How investors came to embrace index investing. (rickferri.com)
- Vanguard is not done driving fund expenses lower. (ritholtz.com)
- Pimco continues to pull back from the equity business. (wsj.com)
- How to launch an ETF in three months: hire an "ETF in a box" service. (etf.com)
ETFs
- A review of the "hedge fund" ETFs. (etf.com)
- Why success (inevitably) spoils fund managers. (investorfieldguide.com)
- The number of outperforming fund managers is shrinking over time. (etf.com)
- Smart beta, meh. (marketwatch.com)
Global
Economy
- Industrial production keeps falling. (crossingwallstreet.com)
- Why people are talking "stall speed." (economistsview.typepad.com)
- Lower oil prices are not translating into additional retail sales. (bloomberg.com)
Earlier on Abnormal Returns
- Podcast links: life hacks. (abnormalreturns.com)
- What you might have missed in our Thursday linkfest. (abnormalreturns.com)
