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
"But humans are not very good at integrating information in a reliable and robust way. And that’s what algorithms are designed to do."
(Daniel Kahneman)
Chart of the Day

Why are analysts so optimistic about 2018 and 2019 S&P 500 earnings?
Markets
- If you think markets are under-regulated today, read this. (theirrelevantinvestor.com)
- The market is pricing in increasing inflation. (themacrotourist.com)
Strategy
- Markets are not like a light switch. (dashofinsight.com)
- Forecasting is hard for three reasons. (collaborativefund.com)
- Jack Bogle reflects on what indexing to the investment business and what idea of his never really caught on. (barrons.com)
Support
- Love Abnormal Returns? Then like (and follow) us on Facebook. (facebook.com)
- Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
Companies
- The big consumer staple stocks have been battered. (barrons.com)
- Another MLP is going the C-corp route. (sl-advisors.com)
- Why you should expect a chaotic market in legal sports betting, for a while. (dealbreaker.com)
Finance
Funds
Aging
- America's prime working age cohorts are set to swell. (fat-pitch.blogspot.com)
- On the myth of downsizing. (calculatedriskblog.com)
Economic geography
- What jobs people are willing to move for. (blogs.wsj.com)
- Jobs follow people, not the other way around. (bloomberg.com)
Economy
- A succinct summary of the week's economic events. (ritholtz.com)
- The economics 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: sensory inputs. (abnormalreturns.com)
- If you win the lottery, don't forget to cash the check. (abnormalreturns.com)