Notes: “Investors will likely find Trend Following a plausible and research-supported argument for tactical trend following in many markets.” (CXO Advisory)
Quote of the Day
"In other words, markets may be crazy, but this does not make you a psychiatrist."
(Meir Statman)
Markets
- How today's bull markets are different than prior ones. (macromon.wordpress.com)
- Markets are pretty simple at the moment. (bclund.com)
- Return on equity in corporate America is really low. (ritholtz.com)
Strategy
- Can you use computational biology to beat the market? (bloomberg.com)
- Have managed futures gone mainstream? (rcmalternatives.com)
Offers
- "Game of Thrones" is back! Sign up for a free trial to HBO through Amazon Channels. (amazon.com)
- Buy (or sell) $100 of digital coins on Coinbase and get $10 in Bitcoin free! (coinbase.com)
- Summer read alert: the thriller "Afterlife" by Marcus Sakey is just $4.99 for the Kindle. (amazon.com)
Companies
- Tech stocks are on fire. IBM ($IBM) is not. (ft.com)
- Wall Street is thinking about Apple ($AAPL) as more than just the 'iPhone company.' (aboveavalon.com)
- Media consolidation is full on. You can thank John Malone for much of it. (nytimes.com)
Finance
- Blackstone Group ($BX) is remarkable for its consistency. (bloomberg.com)
- Goldman’s ($GS) 450 or so partners own just 4.8% of the firm today. (wsj.com)
Funds
- Changing demographics are helping to drive interest in ESG-style investing. (institutionalinvestor.com)
- Investors feel like they can't not put money into alternative assets. (ft.com)
Pensions
- Many workers are at-risk of seeing their pensions slashed. (cbsnews.com)
- More companies are "freezing" their pension plans in place. (usatoday.com)
- A list of the S&P 500 companies with the biggest pension funding gaps. (bloomberg.com)
Earlier on Abnormal Returns
- Startup links: money in vs. money out. (abnormalreturns.com)
- Americans hate drug companies more than they do Wall Street. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: relative risk. (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)
