Book list: 22 books to read on psychology and behavioral economics including The Hour Between Dog and Wolf: Risk Taking, Gut Feelings and the Biology of Boom and Bust by John Coates. (Farnam Street)
Quote of the Day
"The institutions that bought that €7 billion in Greek debt in 2009 made a very bad judgment. Even at the time, it was clearly a foolish gamble — so foolish, in fact, that it can be explained in only one way. They believed that in the event of default, the Germans would bail the Greeks out"
(Adam Davidson)
Markets
- Are high yield bond prices rich or cheap? (garthfriesen.tumblr.com)
- Three bearish charts. (pragcap.com)
Strategy
- On the relationship between momentum and price breakouts. (priceactionlab.com)
- David Fabian's eight favorite investment bloggers. (fmdcapital.com)
Companies
Finance
- Private equity is doing a lot of selling but not much buying. (wsj.com)
- Companies beat earnings expectations on a pretty regular basis. (thesignalnoise.com)
ETFs
- A look at the current MLP ETNs. (news.morningstar.com)
- Factor investing requires a higher amount of risk tolerance. (ft.com)
Monetary policy
- Ignore the Fed, pay attention to the economy. (bloombergview.com)
- Additional signs of labor market strength should get the Fed to act. (economistsview.typepad.com)
- A redacted version of the most recent FOMC statement. (alephblog.com)
- Who will raise interest rates first: the UK or the US? (economist.com)
Economy
- Weekly initial unemployment claims are plumbing new depths. (calculatedriskblog.com)
- Still no sign of recession. (bonddad.blogspot.com)
- The Berkeley economics faculty has had a surprising influence. (bloombergview.com)
- Why Keynes was wrong on our desire for additional leisure time. (ft.com)
Earlier on Abnormal Returns
- Longform links: underrated humans. (abnormalreturns.com)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)
- Announcing the biggest, baddest Abnormal Returns giveaway yet. (abnormalreturns.com)
- David Fabian's eight favorite investment bloggers. (fmdcapital.com)
