Book review: Derivatives Essentials: An Introduction to Forwards, Futures, Options, and Swaps by Aron Gottesman is an excellent textbook/self-study guide. (Reading the Markets)
Quote of the Day
"The wisdom of buy and hold is not that stocks always outperform. They don't. And it's not that you'll always get rich over time. You won't. It's that stocks tend to be the best-performing asset over long periods of time, and trying to shorten that time by jumping in and out of other assets is the express lane to misery and regret."
(Morgan Housel)
Markets
- The stocks/oil relationship never made much sense in the first place. (dashofinsight.com)
- There is now $13.4 trillion in negative yielding bonds. (ft.com)
Strategy
- The danger of lower expected returns is that it gets investors to do stupid stuff. (pragcap.com)
- Brett Steenbarger, " Good trading is not about always trading well; it's about identifying and addressing weaknesses quickly and drawing upon strengths to remedy those." (traderfeed.blogspot.com)
- If you don't know what your edge is in the markets, you probably don't have one. (stockcharts.com)
Buffett
- The stocks Berkshire Hathaway ($BRKA) are not all that expensive on 2017 earnings. (hurricanecapital.wordpress.com)
- How America’s economy has become "Buffettised." (economist.com)
- Reviewing the Munger/Buffett investment checklist. (hurricanecapital.wordpress.com)
Offers
- MODERN TRADER Magazine—the essential journal for professional traders and active investors. Special Subscription Offer! (moderntrader.com)
- Buy a book get one free: "Quantitative Value" and "DIY Financial Advisor" now for just $20. (blog.alphaarchitect.com)
Companies
- Why Prospect Capital ($PSEC) is such a controversial company. (sirf-online.org)
- In the land of energy MLPs the relationship between GPs and LPs can get weird. (sl-advisors.com)
Amazon Alexa
- Amazon says over 10,000 developers have registered to integrate Alexa into their products. (mobile.nytimes.com)
- Get an Amazon ($AMZN) Echo here. (amazon.com)
Funds
- ETFs hidden trading costs. (barrons.com)
- In pursuit of yield, investors can't get enough preferred stock these days. (blogs.wsj.com)
Economy
- No matter how you measure it the housing recovery is still ongoing. (calculatedriskblog.com)
- What CEOs had to say about the economy this week. (avondaleam.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
