Stocktoberfest East 2018 is coming to NYC on April 25th. There is a great lineup of speakers and Howard Lindzon has $100 discount codes for the taking. Don’t miss it.
Quote of the Day
"Building the latest and greatest machine-learnt investment models is only half the challenge. Asset managers need to invest at least as much time and energy in analysing, validating and ultimately explaining how their models work, as they spent building them in the first place."
(Gideon Smith )
Strategy
- This is the real goal of portfolio rebalancing. (etf.com)
- Why options are not ideal for expressing bets on trend. (mrzepczynski.blogspot.com)
Crypto
- Twitter ($TWTR) is jumping on the bandwagon to ban cryptocurrency ads. (theverge.com)
- A look at some charts of the Bitcoin price collapse. (ftalphaville.ft.com)
- A structured note built on the blockchain. (bloomberg.com)
Data
- Why it sucks when your data is stolen. (avc.com)
- Every con takes a credulous target. (thereformedbroker.com)
- User data is an in to regulate Facebook ($FB). (stratechery.com)
Support
- Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
- Love Abnormal Returns? Then like (and follow) us on Facebook. (facebook.com)
- Support Abnormal Returns with an annual membership and get access to exclusive stuff. (abnormalreturns.com)
Companies
- Dropbox ($DBX) is pushing ahead with a dual share class system despite protests to the contrary. (ft.com)
- Spotify ($SPOT) and Dropbox ($DBX) have some glaring problems pre-IPO. (bloomberg.com)
Finance
- The Long Term Stock Exchange is collaborating with IEX to launch IPOs. (qz.com)
- Why companies love to compensate their employees with stock. (ftalphaville.ft.com)
Fund management
- Institutional investors are snapping up almond farms in Australia. (wsj.com)
- Research casts little light on why money managers are paid so much. (bloomberg.com)
- Why its likely one of the big tech companies will jump into asset management. (blog.kurtosys.com)
- The pace of fee-cutting at Vanguard is slowing. (ft.com)
- Retail-focused activist funds have yet to catch on with investors. (ft.com)
Economy
- America has a new housing crisis: we aren't building enough new houses. (wsj.com)
- In practice, at Fedex ($FDX), increased automation has not lead to job losses. (nytimes.com)
Earlier on Abnormal Returns
- ETF links: illiquid bonds. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
Mixed media
