Review: Political Tribes: Group Instinct and the Fate of Nations by Amy Chua is an “accessible and provocative treatment [that] sets up just the right public conversation.” (Washington Post)
Quote of the Day
"The whole point of compounding is that what seems inconsequential in the short run can grow huge in the long run in a process that is unnoticeably slow and easy to overlook."
(Morgan Housel)
Chart of the Day
The ISM Manufacturing report is at decade-high levels. (via @charliebilello)
Markets
- How major asset classes performed in February 2018. (capitalspectator.com)
- How tactical asset allocation strategies performed in February 2018. (allocatesmartly.com)
- What happens to stocks in years the bond market shows negative total returns? (bloomberg.com)
Support
- Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
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- Love Abnormal Returns? Then like (and follow) us on Facebook. (facebook.com)
Crypto
- The SEC is taking a deep dive into ICOs. (wsj.com)
- The dark web is shunning Bitcoin. (theatlantic.com)
- Bitcoin is an energy hog. (nytimes.com)
Spotify
- Given its history of losses, Spotify ($SPOT) may regret not raising funds at this point. (wsj.com)
- Where Spotify has traded in secondary transactions. (techcrunch.com)
Finance
Funds
- Why investors are questioning the need for active management. (blogs.cfainstitute.org)
- Actively managed funds, on average, outperform during down periods. The question is does it matter? (morningstar.com)
Global
Economy
Earlier on Abnormal Returns
- ESG links: optimizing human resources. (abnormalreturns.com)
- Startup links: sufficiently high quality. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: the fundamental law of personal finance. (abnormalreturns.com)
