Book review: The Courage to Act: A Memoir of the Crisis and Its Aftermath by Ben Bernanke is “a robust defense of the Fed.” (Economist)
Quote of the Day
"It is easier to conceal weaknesses, present an aura of invincibility and confound investors as a private company that can escape by making few disclosures than as a publicly traded one."
(Mike Moritz)
Markets
- Semiconductors as leading indicator. (ivanhoff.com)
- Muni bonds are once again near their highs. (stockcharts.com)
- How MLP GPs are akin to hedge fund managers. (sl-advisors.com)
Strategy
- One-year market returns don't matter. (awealthofcommonsense.com)
- Brett Steenbarger, "One of the greatest mistakes traders make is to allow their thought processes to get noisier as they lose money." (traderfeed.blogspot.com)
Offers
- Modern Trader Magazine—the essential journal for professional traders and active investors. Check out this special subscription offer including a free investment classic! (moderntrader.com)
- Salil Mehta's "Topics in Statistics" is for a limited time $0.99 on the Kindle. (amzn.to)
Companies
- Steve Balllmer now owns a big chunk of Twitter ($TWTR). (wsj.com)
- Can Jack Dorsey really run two companies at once? (qz.com)
- A look at Valeant Pharmaceutical's ($VRX) skeptics. (wsj.com)
- Parent of Match.com Tinder and OKCupid is going public. (theverge.com)
- A sum-of-the-parts analysis of Tribune Media ($TRCO). (barrons.com)
Finance
- Hedge fund performance fees are dropping. (ft.com)
- Is investment-grade corporate America overleveraged? (alephblog.com)
- Hackers are sniffing around for inside information to trade on. (bloomberg.com)
- Crowdfunding is reaching critical mass. Should you play? (wsj.com)
ETFs
- Does your value ETF need to be sector-neutral? (news.morningstar.com)
- Are there too many darn ETFs? (wsj.com)
- DFA fans rejoice. You can now get access in an ETF wrapper. (news.morningstar.com)
Economy
- It's hard to see a recession while housing remains strong. (dashofinsight.com)
- The US is in a shallow industrial recession. (bonddad.blogspot.com)
- A succinct summary of the economic week. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you may have missed in our Saturday linkfest. (abnormalreturns.com)
