Quote of the Day
"To me, niche investments are fictional constructs of asset owners, asset managers, and consultants, conjured up to create hope."
(Angelo Calvello)
Chart of the Day
Amazon ($AMZN) has added in excess of $300 billion in market cap in the last four-plus month, nearly catching up with Apple ($AAPL).
Markets
- The stock market is becoming less important to the actual business of financing companies. (ft.com)
- These were the best performing stocks from the market bottom in 2009 to year-end 2017. (zeninvestor.org)
Strategy
- Why you can't examine an asset class in isolation: the case of commodities. (etf.com)
- The downside of tactical asset allocation strategies: taxes. (allocatesmartly.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)
Crypto
- Blockchain really is a big deal. Bitcoin not so much. (wsj.com)
- Bitcoin just got the John Oliver treatment. (businessinsider.com)
Companies
- Netflix's ($NFLX) stock price is building in a lot of expectations. (ftalphaville.ft.com)
- Remember Groupon ($GRPN)? It just turned a profit for 2017. (chicagobusiness.com)
Finance
- American Express ($AXP) is cutting the fees it charges retailers. (ft.com)
- Why sell a whole building when you can sell a minority stake? (wsj.com)
Funds
- Softbank has already built one of the world' largest alternative asset managers. (nytimes.com)
- The IPO of Deutsche Bank's asset management arm, DWS Group, is near. (wsj.com)
- Blackstone Group ($BX) has done well in its deals in India. (bloomberg.com)
Kindle deals
- "Big Magic: Creative Living Beyond Fear" by Elizabeth Gilbert is just $2.99 for the Kindle. (amazon.com)
- "The Nature Fix: Why Nature Makes Us Happier, Healthier, and More Creative" by Florence Williams is just $2.99 for the Kindle. (amazon.com)
- "Five Came Back: A Story of Hollywood and the Second World War" by Mark Harris is just $1.99 for the Kindle. (amazon.com)
- "The Mind-Gut Connection: How the Hidden Conversation Within Our Bodies Impacts Our Mood, Our Choices, and Our Overall Health" by Emeran Mayer is just $2.99 for the Kindle. (amazon.com)
- "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)
Global
Economy
- Economic optimism is pretty hot. (topdowncharts.com)
- The markets don't believe the Fed will let inflation heat up. (bloomberg.com)
Earlier on Abnormal Returns
- ETF links: shiny new ETFs. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
- Politics is no longer the third rail for corporate America. (abnormalreturns.com)
Mixed media
- The key to outstanding performance is saying no to stuff that doesn't advance your goals. (chenmarkcapital.com)
- Why you should move desks every so often. (hbr.org)
- Friction causes heat. In an organization we want to find 'low friction' teammates. (fs.blog)
- Design your own machine, don't be a cog in someone else's machine. (hackernoon.com)
