Notes: Reduce don’t eliminate meat consumption. Thoughts on Brian Kateman’s The Reducetarian Solution: How the Surprisingly Simple Act of Reducing the Amount of Meat in Your Diet Can Transform Your Health and the Planet. (Fast Company)
Quote of the Day
"We have to get back to building products and services that are good for investors and good for the community. That is your long-term survival."
(Jack Bogle)
Chart of the Day
Why are bankers selling stock at such a rapid clip? (via @WSJ)
Strategy
- Far too often investors are getting duped into paying for stuff they don't need and won't work. (mebfaber.com)
- Can you pick the right factors? (pragcap.com)
- A sector-take on 'Sell in May.' (ft.com)
Trend following
- Ten rules of trend following. (ivanhoff.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)
Offers
- "Extraordinary Popular Delusions and the Madness of Crowds" by Charles Mackay is just $0.99 for the Kindle. (amazon.com)
- "Reminiscences of a Stock Operator" by Edwin Lefèvre is just $0.99 for the Kindle. (amazon.com)
- "How I Made $2,000,000 In the Stock Market" by Nicholas Darvas is just $0.99 for the Kindle. (amazon.com)
- The Gerald Loeb 1935 classic "The Battle for Investment Survival" is just $0.99 for the Kindle. (amazon.com)
Companies
- The ESPN model worked...until it didn't. (bloomberg.com)
- An interview with Todd Combs and Ted Weschler of Berkshire Hathaway ($BRKB). (finance.yahoo.com)
- Don't you just love corporate-speak? (footnoted.com)
- Estimates miss earnings, not the other way around. (mastersinvest.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)
Economy
- Q1 US GDP growth was sub-par. (calculatedriskblog.com)
- Millennials have started to choose to buy homes vs. rent. (wsj.com)
- Some signs of hope for regional economies. (bloomberg.com)
- It's time for Buffalo to secede and join Canada. (bloomberg.com)
Earlier on Abnormal Returns
- Podcast links: remembering a warmer world. (abnormalreturns.com)
- Compare and contrast: being President vs. running an index ETF. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: doing it right every time. (abnormalreturns.com)
- The imposter phenomenon, illustrated. (abnormalreturns.com)
Mixed media
- Employees with flexible hours tend to work more not less. (qz.com)
- Why companies are adept at marginal gains but unable to take bets with long odds. (timharford.com)
- Getting fired is really stressful. (bloomberg.com)
- Why everybody needs a 'Shultz hour' in their day to reflect and think. (nytimes.com)
