Notes: The story of butter is the story of America. Insights from Elaine Khosrova’s Butter: A Rich History. (Washington Post)
Quote of the Day
"They lose money on every car, they have a constant cash drain, and yet everybody talks as if this is the most miraculous automobile company of all time."
(Bob Lutz on Tesla)
Chart of the Day
The percentage of stocks above their 200-day moving average is once again on the rise.
Markets
- Why stock market valuations are difficult to compare over time. (theirrelevantinvestor.com)
- Risk and how time plays a role in how we perceive it. (collaborativefund.com)
Strategy
- How tactical asset allocation strategies performed in March 2017. (allocatesmartly.com)
- How well do you really understand your portfolio? (portfoliocharts.com)
- Beginning investors are often beset with an "unwieldy collection of investment tools that held very little promise of profitability." (stockcharts.com)
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Companies
- Which is a better bet? Amazon's ($AMZN) AWS or the flock of companies that sit on top of AWS? (barrons.com)
- The real estate part of the marijuana business is too big to ignore. (nytimes.com)
Funds
- Nir Kaissar, "Big data, technology and investors’ demands for lower fees have made the changes in the fund business inevitable. Anything that can be automated and cheaply delivered -- such as stock picking -- must be." (bloomberg.com)
- A big, comprehensive comparison of fund and portfolio fees. (mebfaber.com)
Offers
- The Mihaly Csikszentmihalyi classic "Flow: The Psychology of Optimal Experience" is currently just $1.99 for the Kindle. (amazon.com)
- Don't miss out on the biggest discounts ($30-$50) Amazon has offered on its Kindle e-readers to-date. (amazon.com)
- The business classic "Barbarians at the Gate: The Fall of RJR Nabisco" by Bryan Burroughs and John Helyar is still $1.99 for the Kindle. (amazon.com)
Economy
- Consumer sentiment is running ahead of hard economic data. (wsj.com)
- This coming week will tell us a lot about American trade policy going forward. (dashofinsight.com)
- What CEOs have 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 last week on the site. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in March 2017. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: up the S-curve (abnormalreturns.com)
