Book notes: Ten critical issues the advanced economies are dealing with. A discussion from Mohamed El-Erian’s The Only Game in Town: Central Banks, Instability and Avoiding the Next Collapse. (Reading the Markets)
Quote of the Day
"While it may feel good, snatching at profits is a character trait (a habit) of a loser. In fact, I discovered that 61% of investments that were sold for a profit of less than 20% kept going up. Had the investor stayed invested, they would have made more money."
(Lee Freeman-Shor)
Markets
- The equal-weighted S&P 500 has been underperforming since March 2015. (stockcharts.com)
- All of a sudden investors are pulling cash from $VIX ETPs. (bloomberg.com)
- Checking in on market valuations for the Russell 1000 Growth and Value indices. (econompicdata.blogspot.com)
Strategy
- How to invest the Dale Carnegie way. (institutionalinvestor.com)
- The market needs more fear. (joefahmy.com)
Offers
- Tax time is rapidly approaching. Get up to 40% off TurboTax at Amazon. (amazon.com)
- Sign up for an Audible.com free trial and get two audio books including "Originals: How Non-Conformists Move the World." (amazon.com)
- Amazon series, like "Mozart in the Jungle," won more Golden Globes than Netflix. Check them all out with a 30-day Prime trial. (amazon.com)
Corporate finance
- Why the share buyback at Whole Foods ($WFM) was a mistake. (ibankcoin.com)
- Why companies seem to buy back shares at the wrong time. (wsj.com)
- Focus on your business, not the share price. (continuations.com)
Finance
- High speed, automated market makers dominate the NYSE. (bloomberg.com)
- AIG ($AIG) is not breaking itself up. (nytimes.com)
- Do marketplace lenders like Lending Club ($LC) have a moat? (ft.com)
- Why tax inversions keep happening. (pointsandfigures.com)
Hedge funds
- Why institutions are enamored with multi-strategy hedge funds. (pionline.com)
- The Harvard endowment has been a breeding ground for hedge fund launches. (bloomberg.com)
- The problems at Paulson & Co. mount. (bloomberg.com)
Economy
Earlier on Abnormal Returns
- Startup links: a new VC model. (abnormalreturns.com)
- The list of robo-advisors keeps growing, hence the need for a chart. (abnormalreturns.com)
- What you may have missed in our Monday linkfest. (abnormalreturns.com)
