Book notes: The shift to renewable energy is doable (and inevitable), a look at Mara Prentiss’, Energy Revolution: The Physics and the Promise of Efficient Technology. (Harvard)
Quote of the Day
"It's obvious to anyone who pays any attention at all to himself or his fellow human beings that we are not maximizers, or optimizers, or logical, or even all that sensible."
(Michael Lewis)
Strategy
- A big chunk of Wall Street has never seen a Fed rate hike. (bloomberg.com)
- Smoothing out Treasury yields to identify trend. (capitalspectator.com)
- Luck, both good and bad, plays a big role in portfolio returns. (awealthofcommonsense.com)
Companies
- Amazon ($AMZN) wants to get into the private label food business. (fortune.com)
- Just how disruptive is Tesla ($TSLA)? (asymco.com)
ETFs
- The only reason to buy a mutual fund these days. (fmdcapital.com)
- Lessons from the ETF graveyard. (investmentnews.com)
- There is now a Yieldco ETF. (blogs.barrons.com)
Global
- The tanker market shows no signs of a durable bottom in oil prices. (bloomberg.com)
- Canada's GDP shrunk in Q1 as well. (bloomberg.com)
Economy
- The US economy shrank at a 0.7% rate in Q1. (bloomberg.com)
- Gross Domestic Income points to a more robust economy. (nytimes.com)
Earlier on Abnormal Returns
- Podcast links: an apple revolution. (abnormalreturns.com)
- What you might have missed in our Thursday linkfest. (abnormalreturns.com)
