Book review: Money Changes Everything: How Finance Made Civilization Possible by William N. Goetzmann is for everyone who is “curious about the history of finance.” (Reading the Markets)
Quote of the Day
"[In the retail sector] Turnarounds are exceedingly rare and bargain stocks often wind up costing a good deal."
(Scott Fearon)
Markets
- The yield curve hasn't been this flat since 2007. (wsj.com)
- Mortgage REITs have been on a tear. (nasdaq.com)
- TIPS are playing catch-up. (etf.com)
Strategy
- The average active investor MUST underperform the average passive investor. (evidenceinvestor.co.uk)
- We humans are an overconfident lot. That affects our ability to be good investors. (etf.com)
Offers
- Subscribe today to Modern Trader magazine and get four bonus offers including an extra month free. (moderntrader.com)
- Who doesn't like to laugh? Then sign up for a free trial to SEESO 'where the best comedy lives.' (amazon.com)
Companies
- Apple ($AAPL) needs to make inroads into India. (wsj.com)
- Is it too late to save Twitter ($TWTR)? (businessinsider.com)
- Are rich golden parachutes making companies do deals that don't make sense? (institutionalinvestor.com)
Finance
- Global institutional investors have unrealistically high return expectations. (marketwatch.com)
- Recent news aside, peer-to-peer lending is still a net positive for consumers. (nytimes.com)
Funds
- How indexing has helped corporate governance. (news.morningstar.com)
- Factor-focused ETFs are sometimes led astray by the markets. (fortunefinancialadvisors.com)
- Does an ETF's ticker really matter for success? (bloomberg.com)
Amazon Fire
- The Amazon ($AMZN) Fire TV is going to become a better listener thanks to Alexa. (washingtonpost.com)
- Get the Amazon Fire TV here: (amazon.com)
Global
- Japan's economy grew faster in Q1 than expectations. (next.ft.com)
- Japanese ETF issuers are creating funds with the Bank of Japan in mind. (next.ft.com)
Economy
Earlier on Abnormal Returns
- Personal finance links: customized statements. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
