Book notes: Daniel Pink finds a sweet spot for parenting from Angela Duckworth’s Grit: The Power of Passion and Perseverance. (Dan Pink)
Quote of the Day
"For most investors, portfolio construction is more important than portfolio positioning."
(Josh Brown)
Chart of the Day

Foreign stocks, including emerging markets, have been a huge disappointment over the past 12 months.
Markets
- Junk bonds were the only asset class to show gains last week. (capitalspectator.com)
- Markets are rewarding defensive stocks. (crossingwallstreet.com)
- Stock buybacks were up in Q1. (disciplinedinvesting.blogspot.com)
Strategy
- European stocks are cheap. (awealthofcommonsense.com)
- Airline stocks have had a rough 2016. (blog.afraidtotrade.com)
Offers
- Modern Trader magazine hits its stride with the latest issue on managed futures. (moderntrader.com)
- Still haven't caught up with "Billions" or "Roadies" on Showtime. Start a free-trial now! (amazon.com)
- Sign up for Audible.com and get two free books including Hope Jahren's "Lab Girl." (amazon.com)
Funds
- Six reasons why your fund checklist is hurting performance. (blog.thinknewfound.com)
- The downside of high yield bond ETFs. (blog.abglobal.com)
- ETFs represented 31% of all stock trading on Friday. (blogs.barrons.com)
Laptops
- Buy what The Wirecutter calls the best Chromebook: (amazon.com)
- Google ($GOOGL) is asking users what they want in a "Chromebook Pro." (venturebeat.com)
- Just how thin does a laptop need to be? (wsj.com)
Brexit
- Why Brexit happened and what it means. (marginalrevolution.com)
- 10 scenarios fro Brexit. (reuters.com)
- George Soros on the future of Europe. (project-syndicate.org)
- Why Brexit may never happen. (slate.com)
- How Brexit will introduce "stress and turmoil" in the markets. (next.ft.com)
- Scotland can't have it all. (ftalphaville.ft.com)
Economy
Earlier on Abnormal Returns
- Research links: buyback blowback. (abnormalreturns.com)
- Originality, Bridgewater and Brexit. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)