Book review: Family Inc.: Using Business Principles to Maximize Your Family’s Wealth by Douglas P. McCormick takes a holistic approach to effective family wealth creation. (Alpha Architect)
Quote of the Day
"Investing is like being a pilot. As a pilot once said, his job is "hours and hours of boredom punctuated by brief moments of terror."
(Morgan Housel)
Markets
- Fund flows follow price. (fmdcapital.com)
- Should we believe Treasuries or the S&P 500? (capitalspectator.com)
Strategy
- Banks vs. Utilities: how to play higher rates. (dashofinsight.com)
- What investors would you put on an Investing Mt. Rushmore? (bpsandpieces.com)
Gurus
- Don't read too much into any news about George Soros' trading. (thereformedbroker.com)
- Beware investment guru worship. (pragcap.com)
- Gurus often prey on investors' worst instincts. (awealthofcommonsense.com)
Offers
- Who doesn't like to laugh? Then sign up for a free trial to SEESO 'where the best comedy lives.' (amazon.com)
- Sonos speakers don't often go on sale. Now they are: (amazon.com)
- Angela Duckworth's "Grit: The Power of Passion and Perseverance" for free. (amazon.com)
Companies
- Why dividends matter. (charlessizemore.com)
- Search app ads are coming to the Apple ($AAPL) App store. (qz.com)
Finance
Hedge funds
- Avoid 95% of hedge funds. (businessinsider.com)
- Chasing performance in hedge funds will get you into trouble. (ai-cio.com)
Funds
- This bond ETF is leading the charge in 2016. (etf.com)
- Why do equity fund managers shun REITs? (wsj.com)
- Comparing the two big homebuilder ETFs. (blogs.barrons.com)
- Yeah! More really narrow, trendy sector ETFs. (etf.com)
Economy
- Weekly initial unemployment claims continue to trend below 300k. (calculatedriskblog.com)
- Income inequality in the US is slowing down. (washingtonpost.com)
- Most people just want a job. (bloomberg.com)
- There's a lot more natural gas under Colorado than previously thought. (usgs.gov)
Earlier on Abnormal Returns
- Longform links: trade programming. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Today is the last day to buy a limited edition Abnormal Returns t-shirt. (abnormalreturns.com)
Mixed media
