Review: Money Machine: The Surprisingly Simple Power of Value Investing by Gary Smith whose “writing is clear and often clever.” (NYTimes)
Quote of the Day
"(T)he large majority of stocks don’t do much of anything, and a tiny portion of homerun stocks make up for the entire gain. The numbers are pretty extraordinary."
(Eddy Elfenbein)
Markets
- This article tipped the Dotcom boom into the Dotcom bust. (thereformedbroker.com)
- How markets respond to tax reform. (bloomberg.com)
- Farmland returns stalled out in Q1. (climateerinvest.blogspot.com)
Strategy
- 'Passive' investing is no cure-all in a time of volatility. (pragcap.com)
- "Risk management based on normality is a loser's game." (mrzepczynski.blogspot.com)
- Don't kid yourself it's always hard to hold onto winning investments. (awealthofcommonsense.com)
Site Stuff
- An annual membership to Abnormal Returns helps support the site and gives you access to cool stuff. (abnormalreturns.com)
- The daily Abnormal Returns e-mail newsletter has a new look and includes our full linkfests. (abnormalreturns.com)
Companies
- Self-driving technology will change package delivery. (washingtonpost.com)
- Amazon ($AMZN) Music is courting country music listeners. (ft.com)
- Facebook ($FB) wants to burst your filter bubble. (recode.net)
- Dole Food: IPO, go private, rinse, repeat. (nytimes.com)
- Despite its problems there is no substitute for Twitter ($TWTR). (lefsetz.com)
- Twitter ($TWTR) is essential for finance-types but dangerous for newbies. (theirrelevantinvestor.com)
Funds
- Global bond index weightings are upside down. (pragcap.com)
- Hedge funds are upping their bets against shopping mall stocks. (ft.com)
Offers
- "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)
- "Flow: The Psychology of Optimal Experience by Mihaly Csikszentmihalyi is just $1.99 for the Kindle. (amazon.com)
Global
Earlier on Abnormal Returns
- Personal finance links: the right tools. (abnormalreturns.com)
- The imposter phenomenon, illustrated. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (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)
