Quote of the Day
"I believe that individuals spend far too much time studying billionaire fund managers and not enough time studying normal people who have successfully retired."
(Ben Carlson)
Chart of the Day
The discounts on muni bond CEFs have fallen a great deal over the past couple of years.
Markets
- The market is a dynamic organism. (fortunefinancialadvisors.com)
- Binary events, like Brexit, are a part of the investing landscape. (managed-futures-blog.attaincapital.com)
- Beware a VIX over 20.0. (stockcharts.com)
Strategy
- How investors can step outside the 60/40 portfolio. (charlessizemore.com)
- In praise of DIY investing. (foxonstocks.com)
- Quantitative investing is not a monolithic category. (researchpuzzle.com)
- Is home bias hurting your portfolio? (acquirersmultiple.com)
Offers
- Sonos speakers don't often go on sale. Now they are: (amazon.com)
- You can sign up for an Amazon Third Party Video Subscriptions Free Trial. (amazon.com)
- Try an Audible.com trial and get two free books including "The Inevitable: Understanding the 12 Technological Forces That Will Shape Our Future" by Kevin Kelly. (amazon.com)
Finance
- More pension funds are getting into direct private equity investing. (nytimes.com)
- Nasdaq ($NDAQ) is making headway in the gasoil futures biz. (ft.com)
- Yet another example of murky insider trading prosecutions. (bloomberg.com)
Funds
- Investors are relying too much on ETF liquidity. (investmentnews.com)
- Are we creating too many funds/ETFs? (blogs.wsj.com)
Discounts
- Amazon Fire 7" Tablets are currently $10 off, starting at $39.99. (amazon.com)
- The Amazon Kindle and Kindle Paperwhite are currently $20 off. (amazon.com)
Economy
- Weekly initial unemployment claims continue to trend below 300k. (calculatedriskblog.com)
- A redacted version of the June 2016 FOMC Statement. (alephblog.com)
- The Treasury market thinks the Fed is on hold for longer. (capitalspectator.com)
- Exiting the world of ZIRP is harder than it looks. (nytimes.com)
Earlier on Abnormal Returns
- Longform links: unrealistic share buybacks. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- John Oliver on the scandal of today's expensive (and complicated) 401(k) plans. (abnormalreturns.com)
