Q&A: Noah Smith and Tyler Cowen talk about Tyler’s book The Complacent Class: The Self-Defeating Quest for the American Dream. (Bloomberg View)
Quote of the Day
"Sadly, investors lose an awful lot of beta in their quest for alpha."
(Tim Maurer)
Markets
- Why are foreign investors buying US muni bonds? (indexologyblog.com)
- Trying to avoid volatility often leads to poor performance. (thereformedbroker.com)
Offers
- You can get $30 off cleaning and handyman services at Amazon Home Services. (amazon.com)
- The classic "Tribes: We Need You to Lead Us" by Seth Godin is currently just $1.99 for the Kindle. (amazon.com)
Companies
- What is Valeant ($VRX) worth post-Ackman? (aswathdamodaran.blogspot.co.uk)
- The back-end of Amazon ($AMZN) is fascinating. (wsj.com)
- A paid product won't save Twitter ($TWTR). (medium.com)
- Twitter ($TWTR) is getting unbundled by competitors. (theverge.com)
Finance
- How HFT has changed the stock market. (businessinsider.com)
- Quants once again are mucking about with neural networks for trading. (bloomberg.com)
- The US capital markets are not in shambles. (bloomberg.com)
Funds
- Playing devil's advocate on index funds. (awealthofcommonsense.com)
- Mutual fund closures are on the rise. (ft.com)
- The upside down math of global bond indices. (blog.abglobal.com)
Global
Economy
Earlier on Abnormal Returns
- ETF links: ugly math. (abnormalreturns.com)
- Analog machines and depreciating code: insights from David Sax's "The Revenge of Analog." (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- The top clicks last week on Abnormal Returns. (abnormalreturns.com)
