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Quote of the Day
"Innovation and economics can be miles apart. Twitter directly influences geopolitics between nuclear states and is worth half as much as Progressive Auto Insurance."
(Morgan Housel)
Chart of the Day
The yield on cash is rising but investors are not yet reallocating back into it.
Markets
- How to think about unsustainable returns. (pensionpartners.com)
- Investors have to be willing to deal with volatility. (dashofinsight.com)
Strategy
- Ted Seides, "Getting an edge is hard enough without focusing on what we do best. It's time to lean in to what uniquely differentiates us from the field." (institutionalinvestor.com)
- Steven D. Bleiberg, "Thinking about stocks this way—as real businesses, rather than aggregates of return and volatility statistics—is something many investors have lost sight of since the rise of MPT." (barrons.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
- Disney's ($DIS) forthcoming streaming service could (theatlantic.com)
- Americans are cutting the cord. Now we want entertainment bundles. (howardlindzon.com)
Finance
Funds
- The major trend following replication indices are missing something. (wealthmanagement.com)
- How risk premium strategies allow for a more coherent approach to portfolio building. (mrzepczynski.blogspot.com)
Economy
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- An equal-weight ETF isn't going to save you from a FAANG-led stock market decline. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: the changing nature of volatility (abnormalreturns.com)
Mixed media
