Book review: The best book of the financial crisis is Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud by David Dayen. (The Baseline Scenario)
Quote of the Day
"The grind higher is neither a mania nor is it narrow."
(Josh Brown)
Markets
- The markets are surprisingly calm. (ft.com)
- Small cap performance is back on track. (thereformedbroker.com)
Strategy
- Why start dates matter so much for returns. (theirrelevantinvestor.com)
- The problems institutional investors have are not all that different than individual investors. (awealthofcommonsense.com)
- How to read financial news. (blogs.cfainstitute.org)
- Only invest like a billionaire if you are one. (bloomberg.com)
Offers
- MODERN TRADER Magazine—the essential journal for professional traders and active investors. Special Subscription Offer! (moderntrader.com)
- Pre-order Ryan Avent's new book "The Wealth of Humans: Work, Power, and Status in the Twenty-first Century." (amazon.com)
Companies
- Wal-Mart ($WMT) is buying Jet.com. (wsj.com)
- What Wal-Mart ($WMT) gets from buying Jet.com. (theatlantic.com)
- What other tech companies are ripe for acquisition? (calacanis.com)
Finance
- The HFT arms race continues to escalate. (wsj.com)
- Why big pension funds are shifting away from hedge funds. (pionline.com)
- Why you should expect an Uber IPO sooner rather than later. (wsj.com)
- What Lending Club ($LC) results tell us about the P2P lending space. (ftalphaville.ft.com)
Asset management
- The new asset management reality is going to leave some firms behind. (institutionalinvestor.com)
- Will the pendulum swing away from passive investment? (fmdcapital.com)
Funds
- Why institutions get a break on fund fees. (wsj.com)
- Tactical allocation funds have had a pretty dismal track record. (advisorperspectives.com)
- The difference between ETF traders and investors. (blogs.barrons.com)
Economy
- Government statistics may be wrong but are not manipulated. (bloomberg.com)
- Why we pine for the lost manufacturing age. (newyorker.com)
Earlier on Abnormal Returns
- Startup links: in defense of bubbles. (abnormalreturns.com)
- Research links: concentrated ownership. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Three proven steps to 'instant alpha.' (abnormalreturns.com)
