Book Endorsement: Mark Zupan’s Inside Job: How Government Insiders Subvert the Public Interest “is now the very best book on how special interest groups subvert the quality of public policy.” (Marginal Revolution)
Quote of the Day
"Sadly, it’s often the smartest sounding narratives that turn out to be the most dangerous because they’re the most difficult to debunk."
(Cullen Roche)
Strategy
- Make sure you are fully diversified before you invest in 'tail protection strategies.' (mrzepczynski.blogspot.com)
- The 'wall of worry' is constantly getting rebuilt over tie (dashofinsight.com)
- Brett Steenbarger, "The worst traders have a passion for trading. They need to trade. The best traders have a passion for trading well. They need to get better." (traderfeed.blogspot.com)
401(k)
- Why your 401(k) plan may be at risk to revenue-seeking politicians. (blogs.wsj.com)
- Has private equity finally cracked the code on getting into 401(k) plans? (bloomberg.com)
Memberships
Companies
- How did Google ($GOOGL) get to be a near-monopoly? (theweek.com)
- Retail is in full liquidation mode. (zerohedge.com)
Finance
- You can't run a hedge fund these days out of your back pocket. (bloomberg.com)
- Raising money for a new hedge fund these days is tough. (cnbc.com)
Funds
- A profile of the huge role Morningstar ($MORN) plays in the fund and asset management business. (barrons.com)
- Capital is flowing out risk parity strategies. (bloomberg.com)
Book deals
- "The Revenge of Analog: Real Things and Why They Matter" by David Sax is just $3.99 for the Kindle. (amazon.com)
- "Search Inside Yourself: The Unexpected Path to Achieving Success, Happiness" by Chade-Meng Tan is just $1.99 for the Kindle. (amazon.com)
- Gary Vaynerchuk's "The Thank You Economy" is just $1.99 for the Kindle. (amazon.com)
Global
- The global economy is now more integrated than ever before. (mrzepczynski.blogspot.com)
- Trump has Mexico all wrong. (theatlantic.com)
Economy
- How best to tax business. (nytimes.com)
- 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 Friday linkfest. (abnormalreturns.com)
- Longform links: no single metric. (abnormalreturns.com)
