Quote of the Day
"Room for error lets you stick around long enough to let the odds of benefiting from a low-probability outcome fall in your favor."
(Morgan Housel)
Chart of the Day
While earnings and stock prices tend to move together over long periods of time, in the short run there can be wide divergences.
Markets
- Why earnings could surge this year but stocks wouldn't. (bloomberg.com)
- Comparing stock and bond yields only get you so far. (bloomberg.com)
- 30-year mortgage rates are pushing 4.5%. (wsj.com)
- Commodities markets are currently in a recovery phase. (mrzepczynski.blogspot.com)
Strategy
- Why institutional investors would do well to borrow a page from individual investors: a goals-based approach. (institutionalinvestor.com)
- This is the one scenario bond investors should concern themselves with. (sellwoodconsulting.com)
- Why you should conduct a 'premortem' before making a big decision. (marketwatch.com)
Kindle deals
- "Triggers: Creating Behavior That Lasts--Becoming the Person You Want to Be" by Marshall Goldman is just $2.99 for the Kindle. (amazon.com)
- "They Call Me Supermensch: A Backstage Pass to the Amazing Worlds of Film, Food, and Rock’n’Roll" by Shep Gordon is just $1.99 for the Kindle. (amazon.com)
- "A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market" by Ed Thorp is just $1.99 for the Kindle. (amazon.com)
- "Hedge Hogs: The Cowboy Traders Behind Wall Street's Largest Hedge Fund Disaster" by Barbara Dreyfuss is just $1.99 for the Kindle. (amazon.com)
- For a limited time the Kindle Paperwhite e-reader is $20 off at Amazon.com. (amazon.com)
Crypto
- The American ICO is dead. Long live ICO 2.0. (prestonbyrne.com)
- Why Bitcoin is 'ridiculous.' (bloomberg.com)
- There is no universal definition of 'the blockchain.' (theverge.com)
- A deeper dive into Coinbase's new index offering. (ftalphaville.ft.com)
- A comparison of 25 notable cryptocurrencies. (visualcapitalist.com)
Companies
- Why Microsoft ($MSFT) should fear the rise of G-suite use among the school age crowd. (techpinions.com)
- Facebook ($FB) knows you really, really well. (wsj.com)
- What Apple ($AAPL) is trying to accomplish with the HomePod. (aboveavalon.com)
- Twitter ($TWTR) may let everyone get verified. (theverge.com)
- Search advertising on Google ($GOOGL) converts best of all. (priceonomics.com)
Private equity
- New SBA loan rules will make small scale buyouts easier. (adventur.es)
- Why private equity funds engage in bridge financing. (wsj.com)
Support
- Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
- Support this site by grabbing an annual membership to Abnormal Returns. (abnormalreturns.com)
- Love Abnormal Returns? Then like (and follow) us on Facebook. (facebook.com)
Funds
- Active managers are getting more concentrated. (economist.com)
- Don't discount the power of AI to disrupt asset management. (blogs.cfainstitute.org)
- The BTS Tactical Fixed Income Fund is not afraid to time the junk bond market using ETFs. (bloomberg.com)
- On the power of narrative in marketing investment advice. (awealthofcommonsense.com)
- How the media got the Fidelity TDF story wrong. (morningstar.com)
- Women just aren't making much headway in the asset management industry. (finance.yahoo.com)
Global
Economy
- The February NFP report showed accelerating jobs growth with muted wage growth. (bloomberg.com)
- This was a strong NFP report. (calculatedriskblog.com)
- The Fed is telling you it is going to raise rates faster than commonly thought. (pro.creditwritedowns.com)
- US net worth is at a record high. (wsj.com)
- Does investment in intangibles pay off in higher profitability. (papers.ssrn.com)
Earlier on Abnormal Returns
- Podcast links: the daily news podcast. (abnormalreturns.com)
- Politics is no longer the third rail for corporate America. (abnormalreturns.com)
- Startup links: before going mainstream. (abnormalreturns.com)
- ESG links: giving it all away. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: constant-dollar spending strategies. (abnormalreturns.com)
