Personal finance: Everyone should read Paul Kalanithi’s When Breath Becomes Air to put their finances into perspective. (Tim Maurer)
Quote of the Day
"Like all giants at the apex of their power, it isn’t clear Apple is sufficiently paranoid about what might come next."
(Christopher Mims)
Markets
- Post-financial crisis asset prices have outpaced real asset prices. (businessinsider.com)
- Muni bonds have incorporated a lot of potential bad news. (etf.com)
- Dow milestones provide us with no useful information. (thereformedbroker.com)
Strategy
- Market crashes happen. You just don't know when. (awealthofcommonsense.com)
- The curse of cash: overcoming short-termism. (pragcap.com)
- Rebalancing is about reducing risk not increasing returns. (wsj.com)
- We need to train our brains to embrace uncertainty. (qz.com)
- Great investors think about how to conduct 'time arbitrage.' (mastersinvest.com)
Offers
- Aswath Damodaran's "Narrative and Numbers: The Value of Stories in Business" has just been released. (amazon.com)
- Pre-order the forthcoming memoir by Ed Thorpe "A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market." (amazon.com)
- Hungry? You can now order the meal-replacement Soylent from Amazon. (amazon.com)
Companies
- Privately-held Mars is buying VCA Antech ($WOOF). (nytimes.com)
- United HealthCare ($UNH) is buying Surgical Care Affiliates ($SCAI). (reuters.com)
Finance
Funds
- Morningstar ($MORN) is pushing more into the asset management business. (ft.com)
- GMO missed the risk-on rally and is now losing assets. (wsj.com)
Economy
Earlier on Abnormal Returns
- ETF links: due diligence. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
