Book review: Lehman Brothers: A Crisis of Value by Oonagh McDonald has “many merits.” (FT)
Quote of the Day
"Thus, investors desperate for higher interest rates should not be looking to the Fed for salvation; rather, they should be hoping that perceptions of future economic growth become more stable and sure."
(Wes Gray)
Gold
- You really don't need to have an opinion about gold. (alphatrends.net)
- Charles Sizemore, "Gold is less of an investment and more of an emotional ideology." (charlessizemore.com)
Markets
- Some bottom picking in the MLP space. (charlessizemore.com)
- Oil is so cheap that pirates are taking a pass. (bloomberg.com)
Strategy
- The stock market IS NOT the economy. (strategy-business.com)
- Ten high conviction picks from the ultimate stock pickers. (news.morningstar.com)
- Robo-advisors will not cure us of our behavioral biases. (psyfitec.com)
Offers
- Sign up for Amazon Prime and get access to millions of streaming songs to boot. (amazon.com)
- Sign up for an Audible.com trial and get two free audio books including "When Breath Becomes Air." (amazon.com)
- MODERN TRADER Magazine—the essential journal for professional traders and active investors. This special subscription offer includes free classic investment book! (moderntrader.com)
Companies
- Apple ($AAPL) is borrowing money to pay dividends and buy back stock. (nytimes.com)
- Amazon ($AMZN) and Netflix ($NFLX) both re-invest significantly in their businesses. (aswathdamodaran.blogspot.com)
- Everybody hates airline wifi. Why does GoGo ($GOGO) still dominate? (chicagobusiness.com)
Funds
- How long will you wait for smart beta to work? (canadiancouchpotato.com)
- Why top-performing funds mean revert. (blog.abglobal.com)
- The case for building a custom benchmark. (news.morningstar.com)
Economy
- Industrial production jumped in January. (calculatedriskblog.com)
- First time home buyers are losing out to cash-rich buyers. (wsj.com)
Earlier on Abnormal Returns
- Personal finance links: future wealth. (abnormalreturns.com)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)
