Review: Going Public: My Adventures Inside the SEC and How to Prevent the Next Devastating Crisis [by Norm Champ] is, above all, a timely reminder of the benefits of an expert regulator.” (WSJ)
Quote of the Day
"There are many virtues to index investing, yet I feel as though their success is less a confirmation of their inherent virtues than it is an indictment of the fund industry which...cannot offer a superior product despite what seems to me to be a great opportunity to do so. "
(Lawrence Hamtil)
Markets
- Share buybacks are passe. (thereformedbroker.com)
- What you need to know about VIX futures. (rcmalternatives.com)
- Bitcoin is near an all-time high. (businessinsider.com)
Strategy
- The number one rule for investing: know what you own (and why). (pensionpartners.com)
- Investing is all about continuous learning. (marketfolly.com)
- How ego gets in the way of our investing. (seeitmarket.com)
Site Stuff
- The daily Abnormal Returns e-mail newsletter has a new look and includes our full linkfests. (abnormalreturns.com)
- An annual membership to Abnormal Returns helps support the site and gives you access to cool stuff. (abnormalreturns.com)
Companies
Finance
- Fintech is becoming a destination for newly minted MBAs. (ft.com)
- OpenDoor Securities aims to make the market for off-the-run Treasuries more efficient. (businessinsider.com)
- Mainstream investors are turning to activists to do their dirty work for them. (nytimes.com)
- It's hard to distressed debt investing with hot money. (wsj.com)
Indexing
- At some point indexing may hurt markets but nobody knows where that point is. (ftalphaville.ft.com)
- Is popularity going to ruin the index fund? (bloomberg.com)
- Passive is not synonymous with "consumer-friendly." (citywireusa.com)
- Behavioral finance is a cornerstone of evidence-based investing. (evidenceinvestor.co.uk)
Offers
- "Flow: The Psychology of Optimal Experience by Mihaly Csikszentmihalyi 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)
- "Search Inside Yourself: The Unexpected Path to Achieving Success, Happiness" by Chade-Meng Tan is just $1.99 for the Kindle. (amazon.com)
Economy
- The US residential real estate market is strong. (cnbc.com)
- Chemical activity remains strong. (scottgrannis.blogspot.com)
- Why the Fed is keeping an eye on consumer strength. (bloomberg.com)
- The shape of income in America. (axios.com)
Earlier on Abnormal Returns
- Research links: capturing factors. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: unintended consequences. (abnormalreturns.com)
- Q&A with Michael Covel author of the Fifth Edition of "Trend Following: How to Make a Fortune in Bull, Bear, and Black Swan Markets." (abnormalreturns.com)
- Win a copy of Michael Covel's Fifth Edition of "Trend Following: How to Make a Fortune in Bull, Bear, and Black Swan Markets." (abnormalreturns.com)
