Review: Gary Antonacci’s book Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk is an “important book.” (Robot Wealth)
Quote of the Day
"The flow of money into ETFs doesn't represent some mad rush to a specific asset class or sector; it’s simply a change in formats to access the same thing."
(Eric Balchunas)
Chart of the Day
Ferrari’s ($RACE) ticker is indicative of its recent performance.
Markets
- The tech sector is the leading sector over the past year. (capitalspectator.com)
- The evolution of Bitcoin is fascinating. (pensionpartners.com)
Strategy
- An anatomy of market tops. (awealthofcommonsense.com)
- The big brokers are being myopic to say the least. (pragcap.com)
Membership
Apple
- Apple ($AAPL) loves to invest its cash hoard in corporate bonds. (bloomberg.com)
- Apple ($AAPL) is creating a $1 billion fund to support advanced manufacturing in the US. (fortune.com)
- Tim Cook lost 30 pounds due in part to the Apple ($AAPL) Watch. (businessinsider.com)
Finance
Funds
- Why do people still get fooled by the yields on CEFs. (blog.tfscapital.com)
- Morgan Stanley ($MS) is nixing the use of Vanguard mutual funds. (advisorhub.com)
- What mutual funds are the most Buffett-like. (beta.morningstar.com)
- Why you need to look beyond the name in ESG funds. (wsj.com)
Offers
- "Adaptive Markets: Financial Evolution at the Speed of Thought" by Andrew Lo. (amazon.com)
- "Invest Like a Guru: How to Generate Higher Returns At Reduced Risk With Value Investing" by Charlie Tian. (amazon.com)
- "Trend Following, 5th Edition: How to Make a Fortune in Bull, Bear and Black Swan Markets" by Michael Covel. (amazon.com)
- "The Money Formula: Dodgy Finance, Pseudo Science, and How Mathematicians Took Over the Markets" by Paul Wilmott and David Orrell. (amazon.com)
Global
- A look at a unique way to invest in India. (brooklyninvestor.blogspot.com)
- Why does a big chunk of Mumbai real estate sit vacant? (marginalrevolution.com)
Economy
- Weekly initial unemployment claims remain at historically low levels. (calculatedriskblog.com)
- The retail sector keeps shedding jobs. (bloomberg.com)
Earlier on Abnormal Returns
- Startup links: breaking into VC. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: a savings rebound. (abnormalreturns.com)
- ICYMI our "Keep ETFs Weird" post. (abnormalreturns.com)
- Meet the 69th largest money manager in the world...Apple ($AAPL)! (abnormalreturns.com)
- What books Abnormal Returns readers most purchased in April 2017. (abnormalreturns.com)
