Markets

• Ten high conviction stock purchases from the ultimate stock pickers. (beta.morningstar.com)
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• What to do in light of lower future stock returns. (ofdollarsanddata.com)
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Bitcoin

• The Bitcoin ETF isn't dead. (etf.com)
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• Fidelity is experimenting with Bitcoin. (wsj.com)
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Strategy

• Be careful when following a big name into a trade. (martinkronicle.com)
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• Capitalism is synonymous with optimism. (pragcap.com)
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Membership

• An annual membership not only helps support Abnormal Returns but clues you in on perks including a weekly members-only e-mail. (abnormalreturns.com)
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Companies

• Netflix ($NFLX) has been public for 15 years. Congrats if you held the entire time. (theirrelevantinvestor.com)
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Finance

• "The nation’s largest pension fund had no idea how much it was paying in certain private-equity fees." (wsj.com)
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• The CME Group ($CME) is cleaning up on interest rate speculation. (wsj.com)
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• Blackstone ($BLK) has become a huge player in the non-traded REIT space. (wsj.com)
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• On the comparative advantage "giant" funds have over their competition. (institutionalinvestor.com)
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Fund management

• Why culture matters more than regulations (thereformedbroker.com)
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• Why TAA strategies sell. (sellwoodconsulting.com)
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• What an ideal active investment management firm looks like. (blogs.cfainstitute.org)
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Offers

• "University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting" by Daniel Pecaut and Corey Wrenn is just $2.99 for the Kindle. (amazon.com)
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• "SuperFreakonomics: Global Cooling, Patriotic Prostitutes, and Why Suicide Bombers Should Buy Life Insurance" By Steven Levitt and Stephen Dubner is just $1.99 for the Kindle. (amazon.com)
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Economy

• America's city centers are running out of room. (bloomberg.com)
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Earlier on Abnormal Returns

• Research links: offsetting biases. (abnormalreturns.com)
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• The mononational ETF business opportunity. (abnormalreturns.com)
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• What you missed in our Monday linkfest. (abnormalreturns.com)
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• ETF links: big one-day declines. (abnormalreturns.com)
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Mixed media

• How to go from liberal arts major to investment professional. (cleareyesinvesting.com)
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• The top ten books you should read to learn about investing. (mebfaber.com)
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• Five great personal finance blogs. (humbledollar.com)
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