Book Q&A: A discussion with Adam Kucharski author of The Perfect Bet: How Science and Math Are Taking the Luck Out of Gambling. (Washington Post)
Quote of the Day
"You could be the smartest bond manager in the world, but when the key industry benchmark is yielding just 1.75% your odds of generating alpha shrink significantly on an after tax and fee basis."
(Cullen Roche)
Strategy
- On the correlation of sector dividend growth and returns. (thereformedbroker.com)
- Investing mentors need not be in-person. (theirrelevantinvestor.com)
- 3 reasons to go low-cost. (beta.morningstar.com)
Offers
- Subscribe to Modern Trader magazine and get 4 big bonus offers. (moderntrader.com)
- Try Audible.com and get two free books like "Originals" by Adam Grant. (amazon.com)
- Hey Trekkies! Sign up for Amazon Prime and get access to The Star Trek Collection on Amazon Instant Video. (amazon.com)
Companies
- Netflix's ($NFLX) US growth is slowing. (buzzfeed.com)
- Priceline ($PCLN) and Salesforce ($CRM) have the same sales. That is where the similarities end. (next.ft.com)
- Nintendo is worth more than Sony ($SNE). (loopinsight.com)
Finance
- Activist tools seem to be played out. (bloomberg.com)
- In close votes companies need to court mom and pop investors. (wsj.com)
- Harvard Management Company has had a mediocre 10 years. (allaboutalpha.com)
ETFs
- Hedge funds trade ETFs as well. (alphaattribution.com)
- Single factor ETFs often have incidental exposures. (bloomberg.com)
- 600 ETFs have been shuttered over time. (investwithanedge.com)
Global
Economy
- Why the Fed should consider selling assets before raising rates. (bloomberg.com)
- Rising inflation is not imminent. (capitalspectator.com)
- American home prices are high but not bubbly. (bloomberg.com)
Earlier on Abnormal Returns
- Startup links: validating your idea. (abnormalreturns.com)
- My piece up at Enterprising Investor: "Academic finance as a check on pretensions." (blogs.cfainstitute.org)
- How a "vague sense of returns" works against you as an investor. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
