Q&A: A discussion with Keith Law author of Smart Baseball: The Story Behind the Old Stats That Are Ruining the Game, the New Ones That Are Running It, and the Right Way to Think About Baseball and baseball’s “foremost intellectual.” (Mel Magazine)
Quote of the Day
" I am always willing to let an investment become a trade and try not to let a trade become an investment."
(Howard Lindzon)
Markets
- Dips are pretty much nonexistent this year. (wsj.com)
- Consumer sentiment is an iffy stock market indicator. (beta.morningstar.com)
Cryptocurrencies
- Josh Brown with some thoughts on getting involved in the blockchain. (thereformedbroker.com)
- Why the token economy is just getting started. (vinnylingham.com)
- New Coinbase customers can get $10 in Bitcoin after their first trade. (coinbase.com)
- The ICO game is way overheated. (bloomberg.com)
- It's hard to understand Bitcoin unless you own it. (marketwatch.com)
Companies
- JBG Smith Properties ($JGBS) is a pure-play on Washington DC real estate. (wsj.com)
- BP ($BP) is considering spinning off its US pipeline assets into an MLP. (uk.reuters.com)
Alts
- Hedge funds are off to a pretty good start in 2017. (institutionalinvestor.com)
- CalPERS is considering doing direct PE investments. (reuters.com)
Funds
- Past performance requires context to make any sense. (awealthofcommonsense.com)
- "Passive investing" today is the result of a series of decisions made over time. (bloomberg.com)
Offers
- Cass Sunstein and Reid Hastie's "Wiser: Getting Beyond Groupthink to Make Groups Smarter" is just $2.99 for the Kindle. (amazon.com)
- "Game of Thrones" is back! Sign up for a free trial to HBO through Amazon Channels. (amazon.com)
- Summer read alert: the thriller "Afterlife" by Marcus Sakey is just $4.99 for the Kindle. (amazon.com)
Global
- Australia hasn't had a recession in 26 years. (themoneyillusion.com)
- Canada's government gets stuff done. (theatlantic.com)
Earlier on Abnormal Returns
- Personal finance links: relative risk. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: trend-follower counterparties. (abnormalreturns.com)
- Don't second guess your decision to enter finance says Mihir Desai author of "The Wisdom of Finance: Discovering Humanity in the World of Risk and Return." (abnormalreturns.com)
