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
"The last thing to add to an important email is the email address."
(Seth Godin)
Chart of the Day

S&P 500 earnings are evolving in a very different way this year.
Markets
- Lumber is on a tear. (howardlindzon.com)
- A review of the interest rate landscape. (theatlasinvestor.com)
Strategy
- Michael Harris, "Drawing lines on charts and looking at a few indicators is not a strategy." (priceactionlab.com)
- Mark Rzepczynski, "Investment management is a netherworld of near-science." (mrzepczynski.blogspot.com)
- Jeff Miller, "The efforts to describe the market as a human, or an animal, or two teams make it easier to write about it but do not aid understanding." (dashofinsight.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)
Crypto
- Buffett and Munger still have no interest in cryptocurrencies. (nytimes.com)
- Kevin Warsh on why the Fed should consider issuing a 'FedCoin.' (nytimes.com)
Companies
- Links to all the videos from the Berkshire Hathaway ($BRK.A) shareholders meeting. (finance.yahoo.com)
- Tesla ($TSLA) is "a great auto company" not a tech company. (l2inc.com)
Finance
- The US could use some better insider trading laws. (bloomberg.com)
- Where did all the IPOs go? (topdowncharts.com)
Funds
Economy
- Is the economy overheating? (econbrowser.com)
- There's nothing in the NFP report that would give the Fed reason to pause. (wsj.com)
- 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)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: the very nature of markets. (abnormalreturns.com)