Notes: We should pursue meaning not happiness. Insights from Emily Esfahani Smith’s The Power of Meaning: Crafting a Life That Matters. (Fast Company)
Quote of the Day
"It’s easy to be a contrarian, to think that you see something that the rest of the world is blind to. But it’s hard to be right."
(Michael Batnick)
Chart of the Day
Horace Deidu, “The ethos of Apple is rigid so why is perception about the company so fickle?”
Strategy
- A timely reminder on how scary the world was in October 2008. (ftalphaville.ft.com)
- Long-term investing is all about saving yourself from yourself. (financialsamurai.com)
Offers
- "Nudge" by Richard Thaler and Cass Sunstein is just $1.99 for the Kindle. (amazon.com)
- Pre-order one of the most anticipated novels of 2017: "Startup: A Novel" by Doree Shafir. (amazon.com)
- "Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked" by Adam Alter is quite timely. (amazon.com)
Finance
- The big banks are stronger than ever. (howardlindzon.com)
- Wall Street still has too many stock traders. (businessinsider.com)
- "Mainstream transaction costs are high for a very good reason." (ftalphaville.ft.com)
Funds
- 1057 hedge funds closed last year. (bloomberg.com)
- How have open-end mutual funds done investing in private shares? (citywireusa.com)
- ETF statistics for February 2017. (investwithanedge.com)
Global
- Hedge funds see opportunity in cheap South Korean stocks. (bloomberg.com)
- New Zealand is overrun with tourists. (bloomberg.com)
Economy
- What if sociologists had as much influence as economists? (nytimes.com)
- Noah Smith, "No economic analysis method will completely or even mostly put a stop to motivated reasoning." (noahpinionblog.blogspot.co.uk)
Earlier on Abnormal Returns
- Podcast links: put-upon people. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: opportunistic investments. (abnormalreturns.com)
- Our March book link-related round-up. (abnormalreturns.com)
- Here is a recent interview I did with Advisor Websites about writing a financial advisor blog. (advisorwebsites.com)
- The death of amateur bracketology and the paradox of skill. (abnormalreturns.com)
