Review: Why Wall Street Matters by William D. Cohan traces where Wall Street went wrong along the way. (WSJ)
Quote of the Day
"Learning to lose well is arguably the most crucial element to good portfolio management."
(Cullen Roche)
Markets
Strategy
- How bull markets mess with your brain. (awealthofcommonsense.com)
- You can't use valuations to precisely time the market. (bloomberg.com)
Offers
- "The Index Card: Why Personal Finance Doesn't Have to be Compicated" by Helaine Olen and Harold Pollack is just $1.99 for the Kindle. (amazon.com)
- The price of the best mesh wi-fi system, eero, is now $100 cheaper. Get an additional $50 off with this link: (talkable.com)
- You can now stream Academy Award winning film "Moonlight" on Amazon. (amazon.com)
Snap
- NBC Universal bought a big chunk of Snap ($SNAP). (cnbc.com)
- The next step for Snap ($SNAP) stock: lockup expirations. (thereformedbroker.com)
- Snap ($SNAP) is a low point for shareholder democracy in America. (breakingviews.com)
- How Snap ($SNAP) got to a $24 billion valuation. (wsj.com)
- How Snap ($SNAP) is like a 'thirst trap.' (dealbreaker.com)
Funds
- Hedge fund succession is a tricky business. (bloomberg.com)
- Five ways passive funds are not all that passive. (bloomberg.com)
Economy
- ISM Non-Manufacturing Index increased to 57.6% in February. (calculatedriskblog.com)
- Wage inflation is already brewing. (ericcinnamond.com)
Earlier on Abnormal Returns
- Podcast links: uncertain ethics. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: playing hurt. (abnormalreturns.com)
- Are index investors doing the right thing for the wrong reason? (abnormalreturns.com)
- The mediocre middle is a horrible place for investors. (abnormalreturns.com)
- The top 10 books Abnormal Returns readers purchased in February 2017. (abnormalreturns.com)
