Book list: 18 books that Wall Street is going to take on Spring Break including Originals: How Non-Conformists Move the World by Adam Grant. (Business Insider)
Quote of the Day
"I'm having trouble thinking of any other person who has had as much impact on the global economy over the past decade as Aubrey McClendon."
(Justin Fox)
Chart of the Day
Could the dividend yield on stocks exceed Treasury yields going forward?
Markets
- Equity market stress has declined. (capitalspectator.com)
- Market timers are still bearish. (marketwatch.com)
Junk bonds
- Junk bond inflows are soaring. (next.ft.com)
- But junk bonds are not all that cheap once you adjust for energy bonds. (blogs.barrons.com)
Strategy
- There are only three ways to make money in the market. (dynamichedge.com)
- You don't need to catch every investment wave. (awealthofcommonsense.com)
- Some investment advice hidden in Warren Buffett's annual shareholder letter. (fortune.com)
- Five piece of conventional wisdom that are wrong. (blogs.cfainstitute.org)
Home wi-fi
- The Google OnHub and Eero home wi-fi solution are easy upgrades. (next.ft.com)
- You can check out OnHub here: (amzn.to)
- You can check out Eero here: (amzn.to)
Industries
- Tires have been a better business than autos of late. (bloomberg.com)
- Fracking may have been a bubble but it changed the world. (slate.com)
Financial fraud
- Why have some Madoff victims not filed claims for restitution? (bloomberg.com)
- Who falls for financial scams? (latimes.com)
Steak
- Wall Street's steakhouses are empty. (bloomberg.com)
- Quants (and computers) don't eat steak. (thereformedbroker.com)
Funds
- The SPDR Gender Diversity Index ETF ($SHE) launches next week. (nytimes.com)
- Mutual funds are pulling back on their startup investments. (wsj.com)
Economy
- Another strong employment report from February with a 4.9% unemployment rate. (calculatedriskblog.com)
- Initial jobless claims continue to trend well below 300k. (bespokepremium.com)
- Startups are in decline but high potential startups are on the rise. (fivethirtyeight.com)
Offers
- Try Audible.com and Get Two Free Audiobooks including "When Breath Becomes Air." (amazon.com)
- You can join Kindle Unlimited for a 30-day trial and read to your heart's content. (amazon.com)
Earlier on Abnormal Returns
- Podcast links: unearthing fraud. (abnormalreturns.com)
- Longform links: a potent force. (abnormalreturns.com)
- A new edition of Essential Listening is up with looks at becoming a quant, the power of evolution and the Chinese market. (blogs.cfainstitute.org)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)
