Book list: Seven books for the Spring including The Evolution of Everything: How New Ideas Emerge by Matt Ridley. (Farnam Street)
Quote of the Day
"Strategies should be built for alpha, not scale—but the asset management industry has gone in the opposite direction."
(Patrick O'Shaughnessy)
Chart of the Day

Don’t expect too much from the stock market for the next ten years.
Markets
- Real Treasury yields are almost all now negative. (wsj.com)
- Rising earning expectations will give investors an excuse to bid up stocks. (dashofinsight.com)
- Investors are once again pumping money into equity funds. (blogs.barrons.com)
Strategy
- Seriously people, keep it simple. (fmdcapital.com)
- Traders should focus on getting better, not making money. (traderfeed.blogspot.com)
- Good luck trying to manage the volatility of gold miners. (thepfengineer.com)
Offers
- Try Audible.com and get two free books in the process including "The Wright Brothers" by David McCullough. (amazon.com)
- The Amazon Fire video streaming device is $15 off. Critics say its is a good alternative for Prime members. (amazon.com)
- April 18th is rapidly approaching. Get TurboTax at a discount now. (amazon.com)
- Still haven't caught up with Showtime's "Billions"? Sign up for a free-trial to Showtime via Amazon. (amazon.com)
Companies
Finance
- Should JP Morgan ($JPM) be broken up? Not really... (brooklyninvestor.blogspot.com)
- Estimize earnings estimates are becoming the standard on Wall Street. (equities.com)
Funds
- Big Sequioa Fund shareholders are getting shares instead of cash. (wsj.com)
- Smart investors should avoid smart beta funds. (barrons.com)
- CEF discounts have narrowed. (fmdcapital.com)
- Nuveen is finishing up some muni bond CEF mergers. (blogs.barrons.com)
Global
Economy
- Reviewing 10 economic questions for 2016. (calculatedriskblog.com)
- A succinct summary of the past week's economic news. (ritholtz.com)
- The economic schedule for the coming week. (ritholtz.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- A rating system for ETFs: an excerpt from Eric Balchunas' "The Institutional ETF Toolbox." (abnormalreturns.com)