Quote of the Day
"What’s irritating about Vanguard is not its corporate strategy, but its occupation of the moral high ground."
(Jared Dillian)
Markets
- Ten high conviction stock purchases from the ultimate stock pickers. (beta.morningstar.com)
- What to do in light of lower future stock returns. (ofdollarsanddata.com)
Bitcoin
Strategy
- Be careful when following a big name into a trade. (martinkronicle.com)
- Capitalism is synonymous with optimism. (pragcap.com)
Membership
Companies
Finance
- "The nation’s largest pension fund had no idea how much it was paying in certain private-equity fees." (wsj.com)
- The CME Group ($CME) is cleaning up on interest rate speculation. (wsj.com)
- Blackstone ($BLK) has become a huge player in the non-traded REIT space. (wsj.com)
- On the comparative advantage "giant" funds have over their competition. (institutionalinvestor.com)
Fund management
- Why culture matters more than regulations (thereformedbroker.com)
- Why TAA strategies sell. (sellwoodconsulting.com)
- What an ideal active investment management firm looks like. (blogs.cfainstitute.org)
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)
- "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)
Economy
Earlier on Abnormal Returns
- Research links: offsetting biases. (abnormalreturns.com)
- The mononational ETF business opportunity. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: big one-day declines. (abnormalreturns.com)