Endorsement: Jack Bogle’s
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The Little Book of Common Sense Investing, now updated ten years later, is “one of my all-time favorite investing books.” (A Wealth of Common Sense)
Quote of the Day
"The idea of long-term investing is nothing new but it’s worth revisiting on a regular basis. The temptation of the short-term seems to grow stronger by the day."
(Ben Carlson)
Strategy
- Beware extremist bond market calls. (pragcap.com)
- Good luck using that machine-learning algorithm to pick stocks. (ftalphaville.ft.com)
- Is value investing dead? (capitalspectator.com)
Stars
- Morningstar's ($MORN) defense of its star ratings system. (beta.morningstar.com)
- Past performance was never a solid basis for picking mutual funds. (thereformedbroker.com)
Apple
- Is FaceID the iPhone X's Achilles heel? (daringfireball.net)
- Another big company is ditching Windows PCs for Macs. (valuewalk.com)
- What constitutes success for the iPhone 8? (asymco.com)
- There is now a cochlear implant that works with the iPhone. (9to5mac.com)
Finance
- IEX Group is now allowed to list companies. (wsj.com)
- Goldman Sachs ($GS) has a bit of an identity crisis. (bloomberg.com)
- The best way to reduce high PE fees is to go direct. (bloomberg.com)
- Neuberger Berman is pushing hard into alternatives. (bloomberg.com)
Support
- Sign-up for our daily e-mail newsletter to stay up-to-date with all of our posts. (abnormalreturns.com)
- Like (and follow) Abnormal Returns on Facebook! (facebook.com)
- An annual membership to Abnormal Returns supports the site and gives you access to exclusive goodies. (abnormalreturns.com)
Economy
- Weekly initial unemployment claims are still trending at low levels. (calculatedriskblog.com)
- The great economic moderation never really ended. (marginalrevolution.com)
- Rising rents are putting pressure on more Americans. (bloomberg.com)
- On the changing nature of American jobs. (theatlantic.com)
Earlier on Abnormal Returns
- Startup links: shutting down with dignity. (abnormalreturns.com)
- The ongoing decline in ETF fees is a 'very good thing.' (abnormalreturns.com)
- When it sounds too good to be true... (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: purpose and judgement. (abnormalreturns.com)







