Review: Charles R. Morris’ A Rabble of Dead Money: The Great Crash and the Global Depression: 1929-1939 is an “accessible and entertaining introduction to the subject.” (NYTimes)
Quote of the Day
"If having information used to be a skill, knowing what to do with it is now the hard part."
(Morgan Housel)
Markets
- How the big tactical asset allocation strategies fared in April 2017. (allocatesmartly.com)
- The last cheap asset class is... (climateerinvest.blogspot.com)
Strategy
- Investor expectations are all out of whack. (blogs.wsj.com)
- Most of what you hear about the $VIX is "nonsense." (barrons.com)
- Why we need bubble-callers...within reason. (bloomberg.com)
- A creative trader is a winning trader. (traderfeed.blogspot.com)
Membership
Companies
Finance
New books
- "Adaptive Markets: Financial Evolution at the Speed of Thought" by Andrew Lo. (amazon.com)
- "Invest Like a Guru: How to Generate Higher Returns At Reduced Risk With Value Investing" by Charlie Tian. (amazon.com)
- "Trend Following, 5th Edition: How to Make a Fortune in Bull, Bear and Black Swan Markets" by Michael Covel. (amazon.com)
- "The Money Formula: Dodgy Finance, Pseudo Science, and How Mathematicians Took Over the Markets" by Paul Wilmott and David Orrell. (amazon.com)
Global
- The time for European stocks is now. (blogs.cfainstitute.org)
- The world needs more sand. (economist.com)
Economy
- Why was economic growth so sluggish in Q1? (econbrowser.com)
- Is the US at full employment? (calculatedriskblog.com)
- What the nation's 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 last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: accrued interest. (abnormalreturns.com)
- Compare and contrast: being President vs. running an index ETF. (abnormalreturns.com)
- The imposter phenomenon, illustrated. (abnormalreturns.com)
