Book Q&A: Why money (almost) never makes us happy. A talk with Raj Raghunathan author of If You’re So Smart, Why Aren’t You Happy?. (The Atlantic)
Quote of the Day
"Advisers would do themselves and their clients a big favour by giving up on seeking alpha in all the usual places...It’s time for advisers to realise that they are the alpha — they are what enables an ordinary investor to end up as one of the winners."
(Robin Powell)
Markets
- Are the markets all wrong about inflation? (econbrowser.com)
- Managed futures are in the midst of a drawdown. (managed-futures-blog.attaincapital.com)
Strategy
- Why you should be long-term optimistic. (alephblog.com)
- The timing of returns matters. (gersteinfisher.com)
- Do as Warren Buffett does not what he says. (bloomberg.com)
- Why wouldn't you diversify your portfolio globally? (thepfengineer.com)
- It's okay to admire great investors but don't go overboard. (cleareyesinvesting.com)
Offers
- Subscribe to Modern Trader and one free month, the MT app and access to all past issues. (moderntrader.com)
- Sign up for Audible.com and get "If You’re So Smart, Why Aren’t You Happy?" by Raj Raghunathan for free. (amazon.com)
- Sign up for a free Showtime trial and catch up on "Billions." (amazon.com)
Companies
Finance
- Hedge funds are questioning their ardor for share buybacks. (blogs.wsj.com)
- Can retail banking help buck up Goldman Sachs ($GS)? (businessinsider.com)
Economy
- Why are the employment numbers staying strong despite a sluggish economy? (dashofinsight.com)
- CEOs are seeing a sluggish economy based on this week's earnings conference calls. (skrisiloff.tumblr.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
- Could a 'universal basic income' system really work? (timharford.com)
- Alaska has an oil problem. (bloomberg.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
