Book review: Tyler Cowen thinks that both parts of Geoffrey Colvin’s Humans are Underrated What High Achievers Know That Brilliant Machines Never Will are worth reading. (Washington Post)
Quote of the Day
"Humans have difficulty simply being a client that lets time work as an agent on their behalf."
(Barry Ritholtz)
Chart of the Day
REITs seem to have already incorporated higher interest rates into their prices.
Markets
- Risk-adjusted returns have rarely been this high. Buckle up. (awealthofcommonsense.com)
- Long-term Treasury bonds are doing the whipsaw thing. (stockcharts.com)
Strategy
- Bonds are bonds. MLPs are not bond substitutes. (thereformedbroker.com)
- The 13 commandments of goldbugs. (etf.com)
- Markets are more efficient than you think. (priceactionlab.com)
- An emotional mismatch between process and practice undermines traders. (forbes.com)
Companies
- Twitter ($TWTR) should not pivot away from its core users. (ophirgottlieb.tumblr.com)
- Can Sam's Club ($WMT) go upscale to compete with Costco ($COST)? (wsj.com)
- What's the deal with Emerson Electric ($EMR)? (crossingwallstreet.com)
Funds
- The death of mutual funds at the hands of ETFs is accelerating. (etf.com)
- Index providers are a potent force in how markets operate. (ft.com)
- One fund for the next 50 years? Here's a better question. (marketwatch.com)
Global
Economy
- What it would take for the US dollar to continue going higher. (markdow.tumblr.com)
- Does our data accurately capture business investment in an age of technological change. (wsj.com)
- How "mathiness" is affecting economic debates. (blogs.wsj.com)
Earlier on Abnormal Returns
- Research links: overconfidence CEOs. (abnormalreturns.com)
- What you may have missed in our Sunday linkfest. (abnormalreturns.com)
