Book notes: A closer look at Invest with the Fed: Maximizing Portfolio Performance by Following Federal Reserve Policy, authors Robert Johnson, Gerald Jensen and Luis Garcia-Feijoo. (CXO Advisory Group)
Quote of the Day
"Instead of trying to mimic the inimitable brilliance of Mr. Buffett, maybe more investors should emulate the common sense and patience of Mr. Gayner.
(Jason Zweig)
Markets
- The case for the reflation trade. (marketanthropology.com)
- Crude oil and the US dollar are going in different directions. (kimblecharting.tumblr.com)
- Lumber prices are rallying. (wsj.com)
Strategy
- What do you know that everyone else doesn't? (awealthofcommonsense.com)
- It's not easy being a value investor. (servowealth.com)
- Recency bias and the need to rebalance. (etf.com)
- Seven lies investors tell themselves. (blogs.wsj.com)
Trading
- Some big changes afoot in $VIX land. (quantocracy.com)
- What one thing is critical to a trader's success. (smbtraining.com)
- 10 favorite trading sites. (newtraderu.com)
Finance
Funds
- Do fund manager winning streaks matter? (news.morningstar.com)
- Are ETFs "killing" hedge funds? (etf.com)
- On the tax-efficiency of ETFs relative to mutual funds. (vanguardblog.com)
- How to account for short interest costs. (news.morningstar.com)
Canada
- Six reasons you should be paying closer attention to Canada. (bloomberg.com)
- Is Canada the new Switzerland? (business.financialpost.com)
Economy
- Why does the economy seem to slow down in the first quarter? (marginalrevolution.com)
- May's economic data has been a mixed bag to-date. (capitalspectator.com)
- America has an entrepreneur deficit. (washingtonpost.com)
Earlier on Abnormal Returns
- Podcast links: the Vanguard juggernaut. (abnormalreturns.com)
- What you may have missed in our Thursday linkfest. (abnormalreturns.com)
