Lessons: Five lessons learned from Ryan Holiday’s The Obstacle is the Way: The Timeless Art of Turning Trials into Triumph. (Business Insider)
Quote of the Day
"The 401(k) may be our nation’s version of Rasputin."
(Tony Isola)
Chart of the Day
The past few months have been rife with positive economic surprises in Europe and the US.
Markets
Dividends
- High dividend stocks are just the worst. (mebfaber.com)
- In defense of dividends. (blog.johnsoninv.com)
Bonds
- Four reasons to buy bonds in 2017. (peterlazaroff.com)
- High yield bonds are vulnerable to higher rates. (econompicdata.blogspot.com)
- There is a problem with shorting bonds even in a bear market: negative carry. (rcmalternatives.com)
Offers
- 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)
- Aswath Damodaran's "Narrative and Numbers: The Value of Stories in Business" has just been released. (amazon.com)
Portfolio management
- The passive share of AUM has doubled in the past ten years. (thereformedbroker.com)
- A 60/40 portfolio doesn't look all that great in a low return environment. (ftalphaville.ft.com)
Economy
Earlier on Abnormal Returns
- Research links: the role of short-sellers. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: due diligence. (abnormalreturns.com)
