Review: Bryan Caplan author of The Case Against Education says most of the people who attend college, shouldn’t. (WSJ)
Quote of the Day
"Why do expectations among pension plans run so high? Because they have to, the chief investment officer of a large public pension plan tells me."
(Jason Zweig)
Chart of the Day
Finding a fund that will outperform yea-after-year is a fool’s errand.
Markets
- Utilities are a notable laggard YTD. (stockcharts.com)
- Markets are still working through how the new tax law will affect corporate earnings. (dashofinsight.com)
Crypto
- Bitcoin adherents really love to talk about Bitcoin...a lot. (wsj.com)
- The liquidity argument for Bitcoin ETFs. (bloomberg.com)
Hedge funds
- Smart hedge fund shrink their assets in order to maintain alpha. (wsj.com)
- Hedge fund assets ended 2017 with $3.2 trillion in AUM. (pionline.com)
Companies
Economy
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- Most pension funds have unrealistic return assumptions. What you the investor can do about it. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: open protcols. (abnormalreturns.com)
