List: 23 books that change Morgan Housel’s life including 30 Lessons for Living by Karl Pillemer. (Collaborative Fund)
Quote of the Day
"Do yourself a favor: let go of the notion that you’re going to find the next Amazon."
(James Osborne)
Chart of the Day
The retail industry is still scratching its head how Amazon ($AMZN) transformed from bookseller to industry killer.
Markets
Strategy
- Portfolio construction is not about building the optimal portfolio. (pragcap.com)
- Why every portfolio should hold some risk-free assets. (ofdollarsanddata.com)
Site stuff
- An annual membership helps Abnormal Returns keep on trucking. Get on board today! (abnormalreturns.com)
- Having trouble signing up for our daily e-mail missives? Go here: (abnormalreturns.com)
Companies
- It's hard to grasp the strength of Amazon's ($AMZN) moat. (techcrunch.com)
- The Apple ($AAPL) Watch is going to get additional functionality through its bands. (bgr.com)
Finance
- "Brookfield ($BAM) is the size of KKR, Apollo, Carlyle Group and Colony Northstar combined." (forbes.com)
- Activist investors are no longer setting for board seats. (wsj.com)
Hedge fund billionaires
- A list of the 25 top paid hedge fund managers from 2016. (institutionalinvestorsalpha.com)
- Pay was down in 2016 for the top hedge fund managers. (nytimes.com)
Funds
- Why fund fees should be billed in dollars not percentages. (bloomberg.com)
- UK investors can now invest directly in Vanguard funds. (monevator.com)
Offers
- Make your life easier. Get your college kid a six-month trial to Amazon Prime Student. (amazon.com)
- Buy two new Echo Shows and get $100 if you use the 'SHOW2PACK' promo code. (amazon.com)
Economy
Earlier on Abnormal Returns
- Research links: disappearing anomalies. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Our book link round-up post for May 2017. (abnormalreturns.com)
- ETF links: a monster trade. (abnormalreturns.com)
