Review: David Enrich’s The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History is “a vivid depiction of the ethos of the core financial institutions upon which the global economy depends.” (NYTimes)
Quote of the Day
"Pre-ordering coffee at scale is and always was a bad idea."
(Izabella Kaminski)
Chart of the Day
Diversified portfolios are full of ebbs and flows of relative asset class performance.
Markets
- Not surprisingly, interest in the stock market is on the rise (on Google). (thereformedbroker.com)
- Why we like to muck about with sector and country ETFs. (etf.com)
Strategy
- Tax-loss harvesting is overrated. (basonasset.com)
- 7 great sites for developing traders. (traderfeed.blogspot.com)
- Your portfolio should not be the most interesting thing in your life. (timmaurer.com)
Offers
- "Nudge" by Richard Thaler and Cass Sunstein is still just $1.99 for the Kindle. (amazon.com)
- Michael Lewis' "Flash Boys" is just $6.40 for the Kindle. (amazon.com)
Companies
- Apple ($AAPL) is betting on AR. (No, not this site.) (bloomberg.com)
- An activist investor who is pushing for social responsibility not enhanced dividends. (wsj.com)
Funds
- "Active fund management isn’t disappearing—it’s just evolving." (wsj.com)
- Are target-date funds a "prudent" investment? (wsj.com)
- The pros and cons of interval funds. (beta.morningstar.com)
The economy
- The Chicago Fed National Activity Index rose in February. (calculatedriskblog.com)
- Three ways the global economy could hit the skids. (ft.com)
Society
- The US has too many damn stores. (wsj.com)
- Hospitals have a labor problem. (axios.com)
- Scientific research has a great payoff. (bloomberg.com)
Earlier on Abnormal Returns
- ETF links: the big three. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
The law
- Technology is quickly becoming an integral part of the legal world. (nytimes.com)
- A Q&A with former lawyer and Bloomberg View columnist Matt Levine. (legalnomads.com)
