Book excerpt: There has never been a better time to be divorced. Thoughts from Wendy Paris’ Splitopia: How to Dispatches from Today’s Good Divorce and How to Part Well. (Quartz)
Quote of the Day
"For what it’s worth, I happen to believe that index funds are the best options for most investors, most of the time—just not for all investors, all of the time."
(Samuel Lee)
Chart of the Day

Rolling ten-year hedge fund returns have been declining for some time now.
Markets
- Welcome to the 'bunny market.' (awealthofcommonsense.com)
- Average returns are rarely average. (theirrelevantinvestor.com)
- Fear has dropped off a lot. (seeitmarket.com)
Strategy
- Stop with the whole there is no such thing as a 'bubble.' (bloombergview.com)
- You can't succeed as a value investor unless you "know your fundamentals." (latticework.com)
- The correlation between value and momentum vary widely over time. (capitalspectator.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 $25 with this link: (yourkarma.com)
- Sign up for a 30-day trial to Sign up for a 30-day trial to Audible.com and get two free books including "Smarter Better Faster" by Charles Duhigg. (amazon.com)
Companies
- The Etsy ($ETSY) IPO one year in. (paulbennetts.co)
- Starboard Value wants to replace the entire Yahoo ($YHOO) board. (wsj.com)
- Leucadia ($LUK) is no longer viewed a 'baby Berkshire.' (wsj.com)
Finance
Funds
Global
Economy
Earlier on Abnormal Returns
- Longform links: making economics relevant. (abnormalreturns.com)
- A new Essential Listening is up at the Enterprising Investor blog with episodes on Fannie and Freddie, why middlemen still exist and backroom poker dealings. (blogs.cfainstitute.org)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Our March book link round-up for March with looks at Eric Balchunas' "The Institutional ETF Toolbox." (abnormalreturns.com)