Excerpt: A battle against anxiety in On Edge: A Journey Through Anxiety by Andrea Petersen. (WSJ)
Quote of the Day
"Comparing hedge funds and the S&P 500 is a little bit like asking which team is better, the Chicago Bulls or the Chicago Bears."
(Ted Seides)
Markets
- It's not unusual for a handful of big stocks to dominate an index. (bloomberg.com)
- Why the $VIX stays so darn low. (bloomberg.com)
- Rydex traders are bullish. (jlfmi.tumblr.com)
Strategy
- How to play US Treasury ETFs in an era of rising rates. (allocatesmartly.com)
- Have stocks really become less risky over time? (pensionpartners.com)
- Don't sell. Rebalance. (capitalspectator.com)
- Why experts are blind to the changes around them. (awealthofcommonsense.com)
Membership
Apple
- iPads aside Apple ($AAPL) is doing okay. (daringfireball.net)
- Apple ($AAPL) has a China problem and its name is WeChat. (stratechery.com)
- Apple ($AAPL) can't ignore Microsoft's ($MSFT) new Surface Laptop. (bloomberg.com)
- Apple ($AAPL) Pay is growing nicely. (fortune.com)
- Apple ($AAPL) needs an Echo competitor. (fastcompany.com)
Finance
- Fred Wilson, "Being public is about being transparent, accountable, and owning up to the issues and dealing with them." (avc.com)
- Och-Ziff ($OZM) is experiencing big withdrawals. (wsj.com)
Funds
Offers
- "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)
Economy
Earlier on Abnormal REturns
- Personal finance links: a savings rebound. (abnormalreturns.com)
- ICYMI our "Keep ETFs Weird" post. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Meet the 69th largest money manager in the world...Apple ($AAPL)! (abnormalreturns.com)
- What books Abnormal Returns readers most purchased in April 2017. (abnormalreturns.com)
