Book notes: Learn how to save and other lessons from Harold Pollack and Helaine Olen’s The Index Card: Why Personal Finance Doesn’t Have to be Complicated. (PBS)
Quote of the Day
"Most investors find outperforming the market hard enough. But outperforming when Uncle Sam takes his cut each year is nearly impossible."
(Morgan Housel)
Chart of the Day
Only two sectors are above their 50 and 200 day moving averages.
Bonds
- Junk bond defaults are on the rise. (bloomberg.com)
- Muni bond spreads have tightened up. (seeitmarket.com)
Strategy
- Everything you need to know about bear markets. (theirrelevantinvestor.wordpress.com)
- Are institutions any better at hiring/firing managers than individuals? (mebfaber.com)
- How to avoid value traps. (institutionalinvestor.com)
Offers
- Sign up for our daily e-mail newsletter to stay up-to-date with all of our posts. (abnormalreturns.com)
- Get an Audible.com free trial and listen to two books for free including "The Index Card: Why Personal Finance Doesn't Have to be Complicated."* (amazon.com)
- Sign up for a 30-day trial from Amazon Prime and get access to a huge video library and much, much more. (amazon.com)
- Take WiFi with you everywhere with Karma Go. Use my code for $10 off yours now! (yourkarma.com)
Companies
- Time Warner ($TWX) is a potential target for Apple ($AAPL) and Google ($GOOGL). (realmoney.thestreet.com)
- Is Netflix ($NFLX) the Amazon ($AMZN) of the entertainment industry? (nytimes.com)
- GE ($GE) is becoming an increasing technology-focused company. (next.ft.com)
Finance
- MetLife ($MET) may spin off its retail operation. (nytimes.com)
- Is the activist investor meme played out? (bloomberg.com)
Funds
- Investors hate, hate, hate large domestic cap mutual funds. (news.morningstar.com)
- Why you likely don't need a commodities portfolio allocation. (thereformedbroker.com)
Economy
- Economic growth is still on track. (valueplays.net)
- Americans are increasingly quitting their jobs. (bonddad.blogspot.com)
- Is oil cheap? (calculatedriskblog.com)
Eariler on Abnormal Returns
- Personal finance links: sparking joy. (abnormalreturns.com)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)
