Book list: Some classic business books that are worth re-reading including James Surowiecki’s The Wisdom of Crowds: Why the Many are Smarter than the Few. (FT)
Quote of the Day
"Conventional thinking and behavior is safe. But it guarantees mediocrity. You need to know when your performance is likely to be improved by being unconventional."
(Shane Parrish)
Chart of the Day
Dan Loeb is cashing in, Third Point Reinsurance ($TPRE) shareholders not so much.
Markets
- Muni bonds can do some weird stuff when rates rise. (blogs.barrons.com)
- Mortgage REITs are undergoing some consolidation. (blogs.barrons.com)
Companies
Billions
- The "Billions" finale sounds awesome. (marketwatch.com)
- Still haven't caught up with Showtime's "Billions"? Sign up for a free-trial to Showtime via Amazon. (amazon.com)
Finance
- JP Morgan ($JPM) is contemplating putting all its trading in the cloud. (wsj.com)
- Goldman Sachs ($GS) isn't going to pay a full $5.1 billion in mortgage fines. (nytimes.com)
- SecureWorks hopes to re-open the door to tech IPOs. (mattermark.com)
Funds
- Active managers underperform pretty much everywhere. (statisticalideas.blogspot.com)
- There are technical reasons why ETF companies use fee waivers. (cnbc.com)
- It's always useful to remember the 'tax magic' of ETFs this time of year. (etf.com)
- Are currency-hedged ETFs at-risk of enhanced regulation? (wsj.com)
- Target date fund expense ratios are coming down rapidly. (news.morningstar.com)
Offers
- April 18th is rapidly approaching. Get TurboTax at a discount now. (amazon.com)
- Try Audible.com and get two free books in the process including "The Wright Brothers" by David McCullough. (amazon.com)
Economy
Earlier on Abnormal Returns
- Startup links: bad investments. (abnormalreturns.com)
- A Q&A with Matt Hall author of "Odds On: The Making of an Evidence-Based Investor."* (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
