Review: Exchange-Traded Funds and the New Dynamics of Investing by Ananth N. Madhavan is an “essential reference.” (Enterprising Investor)
Quote of the Day
"It was unbelievably hard to be negative on tech stocks in 2000. Just like it is unbelievably hard to be negative on crypto currencies today."
(The Macro Tourist)
Markets
- Yes the $VIX is historically low but so is the MOVE. (dealbreaker.com)
- International stocks are still cheap relative to US stocks. (thereformedbroker.com)
- Markets don't care who is President. (bloomberg.com)
Fintech
- Fintech's advantage over big banks: meaning. (tearsheet.co)
- Japan's GMO Internet Group is getting into the Bitcoin mining business. (qz.com)
Finance
- ValueAct now owns 7.5% of KKR ($KKR). (marketfolly.com)
- Private equity wants in on the technology game. (ft.com)
Funds
- How a money manager kind of looks like a factory. (mrzepczynski.blogspot.com)
- How a tactical sleeve can make for more practical portfolios. (etf.com)
- Most investors should pass on alternatives. (blogs.wsj.com)
Economy
- Weekly initial unemployment claims surged due to Hurricane Harvey. (calculatedriskblog.com)
- The membership of the Fed is substantial flux. (economistsview.typepad.com)
- Hindsight bias in action: higher rates are no necessarily "normal." (bloomberg.com)
- US productivity growth is finally accelerating. (bloomberg.com)
- Is inflation tamed once and for all? (wsj.com)
Earlier on Abnormal Returns
- Startup links: furtherance of the sound. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: your savings rate. (abnormalreturns.com)
- How Claude Shannon, father of information theory, invested his money successfully. (abnormalreturns.com)
