Quote of the Day
"In investing, a huge amount of effort goes into identifying and managing risk. But so little effort goes into doing the same for luck. Investors hire risk managers; no one wants a luck consultant."
(Morgan Housel)
Chart of the Day
Apple ($AAPL) has been growing its R&D expense as a percentage of revenue.
Markets
- Technology stocks are the leading sector over the past year. (capitalspectator.com)
- Household equity investment, as a % of total financial assets, is rising to near Dotcom levels. (jlfmi.tumblr.com)
Strategy
- These investors should be happy interest rates are rising. (bloomberg.com)
- The case for small cap foreign stock ETFs. (alephblog.com)
Support
- Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
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- Support Abnormal Returns with an annual membership and get access to exclusive stuff. (abnormalreturns.com)
Crypto
- Bitcoin miners are shutting off their machines due to the low price. (cnbc.com)
- Where cryptocurrency companies will shift their ad spending. (tearsheet.co)
MLPs
- FERC's decision only affects a handful of pipeline companies. (bloomberg.com)
- Investor sentiment toward MLPs was horrible before this decision. (wsj.com)
Finance
Fintech
- Robinhood is raising money at a valuation in excess of $5 billion. (fastcompany.com)
- SoFi is taking a high touch approach to customer retention. (tearsheet.co)
Funds
Global
Economy
- Industrial production was up 1.1% in February 2018. (calculatedriskblog.com)
- The US has become a huge exporter of oil. (axios.com)
- This is what record-low unemployment looks like in today's America. (finance.yahoo.com)
Earlier on Abnormal Returns
- Podcast links: manager moneyball. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: shifting strategies. (abnormalreturns.com)
- Pursuing understanding in a messy, polarized investing world. (abnormalreturns.com)
