Excerpt: We have the cause of depression all wrong from Lost Connections: Uncovering the Real Causes of Depression – and the Unexpected Solutions by Johann Hari. (Guardian)
Quote of the Day
The annual shareholder meeting "is just about the last unscripted event in the life of the modern CEO. I like the fact that, once a year, the board has to sweat it out and meet the shareholders who own them."
(Robert Hardy, head of corporate governance at JPMorgan Asset Management)
Markets
- Investor sentiment is getting pretty euphoric. (topdowncharts.com)
- High yield 'hype' has gone a bit too far. (institutionalinvestor.com)
- A look at the forgotten bull market of 1949-1955. (crossingwallstreet.com)
FinTwit
- How to find fresh, new resources. (traderfeed.blogspot.com)
- This anonymous Twitter account moves the Japanese stock market like no other. (bloomberg.com)
Strategy
- What the periodic table of asset class returns reminds us of. (awealthofcommonsense.com)
- Why you should be skeptical of any attempt to put a fair value on the market using backward looking data. (dashofinsight.com)
- The long history of analysts calling for higher interest rates. (bpsandpieces.com)
Crypto
- The Bitcoin mania makes tulips look downright sedate. (nytimes.com)
- Some scenes from some crypto true believers from inside the Crypto Castle and Crypto Crackhouses (nytimes.com)
Companies
- 2018: the year Twitter ($TWTR) outperforms Facebook ($FB). (500ish.com)
- Why bankers are worried the Spotify listing goes too smoothly. (wsj.com)
- Companies want to scrap their in-person annual shareholder meetings. Activists say not so fast... (ft.com)
- Public companies don't go bust all at once. (ftalphaville.ft.com)
Finance
- Private equity firms are upping their game to retain female employees. (ft.com)
- Why it so hard to get a bond trader on the phone these days. (bloomberg.com)
Funds
- Managed futures funds are pushing into exotics in search of unique returns. (bloomberg.com)
- Global investment management M&A is at its highest level since 2009. (ft.com)
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Earlier on Abnormal Returns
- ETF links: radical price transparency. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)