Come see me (and the likes of Ken Fisher, Annie Duke and Ryan Holiday) at EBI West in June 24-26th in Dana Point, California. You will not be disappointed.
Quote of the Day
"It’s ridiculous to assume volatility doesn’t exist in private markets simply because it’s not being reported."
(Ben Carlson)
Chart of the Day

“The lesson is that betting against the economy or stocks on the basis of a flat yield curve is a dangerous game.”
Markets
REITs
Value
- It feels like value investors are a dying breed. (barrons.com)
- Simple valuation techniques are getting overrun. (thereformedbroker.com)
- Each investment era ends in its own particular way. (jimoshaughnessy.tumblr.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)
Companies
- Behold, a CEO who actually had his pay cut for not meeting objectives. (statnews.com)
- Amazon ($AMZN) CEO Jeff Bezos has been explaining the company's ethos for over two decades in the annual shareholder letters. (mondaynote.com)
Merger Monday
- Marathon Petroleum ($MPC) is buying Andeavor ($ANDV). (wsj.com)
- T-Mobile ($TMUS) is buying Sprint $S). (nytimes.com)
- Warehouse giant ProLogis ($PLD) is not messing around. (bloomberg.com)
Finance
- The big 3 banks are 'vacuuming up' customer deposits. (wsj.com)
- Peer-to-peer lending didn't end up changing much of anything. (bloomberg.com)
Earlier on Abnormal Returns
- ESG links: impactful investing. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)