Book review: Investment: A History by Norton Reamer and Jesse Downing is a “remarkably interesting” read. (Reading the Market)
Quote of the Day
"Most money management firms set out first and foremost to lure and catch investment dollars and only secondarily to manage the assets won effectively."
(Robert Seawright)
Strategy
- The market can be (really) wrong for long periods of time. (pensionpartners.com)
- What are the most common mistakes investors make? (quora.com)
- Should you own a managed-futures fund? (news.morningstar.com)
Dollar Cost Averaging
- Dollar-cost averaging kicks ass. (servowealth.com)
- How volatility works for DCA investors. (thereformedbroker.com)
- DCA isn't sexy. (businessinsider.com)
- The returns to DCA depend on the end-point. (econompicdata.blogspot.com)
Offers
- MODERN TRADER Magazine—the essential journal for professional traders and active investors. This special subscription offer includes free classic investment book! (moderntrader.com)
- 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)
ETFs
- The big banks are getting into the bond ETF business. (mobile.reuters.com)
- The 15 most traded ETFs. (etf.com)
Funds
- Smart beta is the new active management. (next.ft.com)
- The three characteristics of successful money management firms. (awealthofcommonsense.com)
- Oaktree ($OAK) has made $1 billion off of its investment in DoubleLine Capital. (bloomberg.com)
- The 15 most traded ETFs. (etf.com)
Economy
- Weekly initial unemployment claims are trending at low levels. (calculatedriskblog.com)
- Why the US is not in recession. (bonddad.blogspot.com)
- Zoning is a major drag on the US economy. (bloombergview.com)
Earlier on Abnormal Returns
- Longform links: advisor value. (abnormalreturns.com)
- A new Essential Listening post is up at Enterprising Investor with talks about superbosses, income inequality and crowfunding. (blogs.cfainstitute.org)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)
