Book notes: Erin Callan Mondella’s new memoir, Full Circle: A memoir of leaning in too far and the journey back, about her tenure as CFO of now-bankrupt Lehman Brothers is causing a stir. (WSJ)
Quote of the Day
"The lesson so far in the on-demand world is that Uber is the exception, not the norm. Uber, but for Uber — and not much else."
(Farhad Manjoo)
Chart of the Day
Today’s investors probably don’t remember when GE ($GE) was a market bellwether.
Markets
- Have investment markets been so corrupted that they have become "battlefields"? (businessinsider.com)
- It's hard to fake this kind of stock strength. (thereformedbroker.com)
Strategy
- Your main job as a trader is to manage your equity curve. (financetrends.blogspot.com)
- Allan Roth, "Stick to big, broad and boring ETFs with ultra-low fees." (etf.com)
Offers
- Still haven't done your taxes? Then grab a copy of TurboTax Deluxe at $25 off from Amazon. (amzn.to)
- Join Karma and get cellular data and wi-fi to go. Save $25 with this link: (yourkarma.com)
- Sign up for a 30-day trial to Audible.com and get two free books including "Smarter Better Faster" by Charles Duhigg. (amazon.com)
Companies
- Apple ($AAPL) misses Steve Jobs. (washingtonpost.com)
- Berkshire Hathaway ($BRKB) is "safe and cheap." (basehitinvesting.com)
Finance
Funds
- It's investment in Valeant ($VRX) has been a disaster for the Sequoia Fund. (wsj.com)
- Sequoia is experiencing the downside of making huge (reputational) bets. (awealthofcommonsense.com)
Global
- There are plenty of public investment opportunities in the developed world but there is little will to complete them. (ft.com)
- Not surprisingly commodities prices seem to be correlated with world GDP growth. (libertystreeteconomics.newyorkfed.org)
Economy
Earlier on Abnormal Returns
- Personal finance links: the fiduciary standard. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Our March book link round-up for March with looks at Eric Balchunas' "The Institutional ETF Toolbox." (abnormalreturns.com)
