Notes: David Pepper’s two novels The Wingman and The People’s House have been uncannily accurate about the state of US politics. (Politico)
Quote of the Day
"Stories are more powerful than statistics because the most believable thing in the world is whatever takes the least amount of effort to contextualize your own life experiences."
(Morgan Housel)
Chart of the Day

Thanks to the new tax law 2018 has already been a banner year for buyback announcements.
Markets
- Ten stories you will see the next time the market tanks again. (humbledollar.com)
- There is always someone out there calling for the end of the (financial) world. That doesn't mean you have to listen. (fortunefinancialadvisors.com)
- A portfolio that freaks you out during a decline will ultimately fail you. (dashofinsight.com)
Strategy
- How to think about taking on bond risk. (mrzepczynski.blogspot.com)
- HFT, hedge funds and financial literacy: some things Barry Ritholtz has changed his mind on. (bloomberg.com)
Support
- Love Abnormal Returns? Then like (and follow) us on Facebook. (facebook.com)
- Support this site by grabbing an annual membership to Abnormal Returns. (abnormalreturns.com)
- Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
Crypto
- Is Bitcoin a waste of resources? (research.stlouisfed.org)
- On the inevitable end of the ICO boom. (wired.com)
- Is crypto the future of early stage funding? (avc.com)
GE
- It's hard to get too excited about GE ($GE) at this point. (barrons.com)
- Why GE ($GE) needs to maintain a good credit rating. (brontecapital.blogspot.com)
Real estate
- Have REITs already discounted higher rates? (barrons.com)
- Physical retail will never disappear entirely but it could trace out a path similar to this industry. (bloomberg.com)
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)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: a rose by any other name. (abnormalreturns.com)