Book news: Martin Ford’s The Rise of the Robots: Technology and the Threat of a Jobless Future won the FT and McKinsey Business Book of the Year Award. (FT)
Quote of the Day
"Making predictions is easy. Managing money is hard."
(Ben Carlson)
Markets
- The 2 year Treasury note is showing confidence in a rate hike. (capitalspectator.com)
- The best performing stock over the past 34 years may surprise you. (ivanhoff.com)
- The CRB Index has been below its 200 day moving average for a year and a half. (shortsideoflong.com)
Strategy
- Five things that smart beta CAN'T do for you. (thereformedbroker.com)
- The many challenges facing the utility sector. (crossingwallstreet.com)
- Some hedge fund picks from the Robin Hood Conference. (bloomberg.com)
Offers
- Multiple gadgets and devices are making charging a big problem. Some solutions. (wsj.com)
- The Anker PowerPort 4 is a good solution for charging phones and tablets. (amzn.to)
- Sign up for Audible.com and get two free books including "The Rise of the Robots: Technology and the Threat of a Jobless Future." (amzn.to)
Companies
- Apple ($AAPL) is becoming more of a services company. (blogs.wsj.com)
- Hotel points are a fantastic business for Starwood ($HOT). (fusion.net)
Finance
- The Square ($SQ) IPO as a harbinger for future tech IPOs. (wsj.com)
- A closer look at the Match.com ($MTCH) IPO. (mahesh-vc.com)
- GE ($GE) Capital is going to look radically different in a couple of years. (bloomberg.com)
- Blackrock ($BLK) is shutting down a macro hedge fund. (nytimes.com)
Funds
- More fund companies are marking down their private share values. (fortune.com)
- Unconstrained bond funds have captured a bunch of inflows. Now for the performance... (ft.com)
- Why equal-weighted portfolios are a better benchmark for active managers. (evidenceinvestor.co.uk)
- Charles Schwab ($SCHW) continues to cut fees to remain a low-cost provider. (blogs.barrons.com)
Global
Economy
- Why the housing recovery should continue. (valueplays.net)
- Why aren't Americans moving more? (bloombergview.com)
Earlier on Abnormal Returns
- The latest edition of Essential Listening is up with talks from Ben Bernanke and Dan Ariely. (blogs.cfainstitute.org)
- Personal finance links: avoiding bad funds. (abnormalreturns.com)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)
