Review: “Eyes Wide Open: Overcoming Obstacles and Recognizing Opportunities in a World That Can’t See Clearly [by Isaac Lidsky] is an intellectually sophisticated, uplifting book that I highly recommend.” (Reading the Markets)
Quote of the Day
"If your job requires you to think, but you spend your work day trying to look busy, then your job inevitably comes home with you, since the only quiet time you have to think about work is during what’s supposed to be your after-work leisure time."
(Morgan Housel)
Chart of the Day
“You can use the power of compounding in every area of your life.”
Markets
- The FTSE All-World Stock Index ($FAW) is at a new all-time high. (stockcharts.com)
- Not surprisingly investors are pretty complacent. (bloomberg.com)
- Why buy stocks when vols are so low? (barrons.com)
Strategy
- Why your portfolio needs to be global in nature. (bloomberg.com)
- Brett Steenbarger, "Everything we do trains us for something." (traderfeed.blogspot.com)
Offers
- "The Book of Joy: Lasting Happiness in a Changing World" by Desmond Tutu and the Dalai Lama is just $3.99 for the Kindle. (amazon.com)
- "Nudge" by Richard Thaler and Cass Sunstein is still just $1.99 for the Kindle. (amazon.com)
Apple
- Apple ($AAPL) wants to get iPads into enterprise healthcare. (fastcompany.com)
- "At $159, Apple is underpricing AirPods." (aboveavalon.com)
Finance
- What matters more for MLPs: oil prices or volumes? (sl-advisors.com)
- Fidelity topped the list of the best online brokers. (barrons.com)
- Running a hedge fund isn't for everyone. (ft.com)
Permanent Portfolio
- Why don't we talk about the "Permanent Portfolio" more? (alephblog.com)
- You can track the Permanent Portfolio and many other TAA strategies at AllocateSmartly. Sign up today! (allocatesmartly.com)
Funds
- Why Vanguard's target-date funds are "plain vanilla." (vanguardinstitutionalblog.com)
- WTF are "interval funds" and why are they used for commercial real estate assets? (blogs.wsj.com)
- Alliance Bernstein ($AB) is rolling out new funds with more extreme performance fees. (barrons.com)
Global
Economy
- 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)
- Longform links: technical gear. (abnormalreturns.com)
