Book notes: Why we need to allow people and institutions to fail. Thoughts on Black Box Thinking: The Surprising Truth About Success by Matthew Syed. (Economist)
Quote of the Day
"Finance is a simple industry made to look and sound complicated to justify fees. Active managers even use a Greek word – alpha – to describe what other industries call "doing your job."
(Morgan Housel)
Markets
- What is behind the strong performance of AAII's "Shadow Stocks"? (wsj.com)
- What will happen to bank stocks when the Fed (eventually) raises rates? (dashofinsight.com)
- Stock picks from the Invest for Kids Chicago 2015 conference. (marketfolly.com)
Strategy
- How amateur investors can beat the pros. (washingtonpost.com)
- What if the value premium is gone? (crossingwallstreet.com)
- Brett Steenbarger, "Overtrading is taking trades we don't love." (traderfeed.blogspot.com)
- Are you a saver or a gambler? (pragcap.com)
Offers
- Try Audible.com and get two free Audiobooks including "Black Box Thinking: Why Most People Never Learn from Their Mistakes--But Some Do" by Matthew Syed. (amazon.com)
- Stop fighting over tablets. Buy five Amazon Fire 7" tablets and get one free. (amzn.to)
Finance
Funds
- Why are investors pulling money from this fund? (econompicdata.blogspot.com)
- Do we want Vanguard to act as an activist? (professorbainbridge.com)
- Should you currency hedge your minimum volatility ETF? (blogs.barrons.com)
- It's time to get out of muni CEFs. (blogs.barrons.com)
Economy
- The US economy is solid. (nytimes.com)
- 5 charts from the past week. (blogs.wsj.com)
- The case for keeping rates lower for longer. (vox.com)
- What CEOs said about the economy this week on earnings conference calls. (skrisiloff.tumblr.com)
- A succinct summary of the economic week that was. (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)
