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Quote of the Day
"But if value investors have for decades sought to exploit human foibles, what happens when they are no longer buying and selling shares from other humans?
(Miles Johnson)
Chart of the Day
Just how bad have things been for corporate bonds of late? (via @tihobrkan)
Markets
- Most equity market corrections don't presage an economic recession. (fat-pitch.blogspot.com)
- Three big misconceptions about interest rates, including prematurely calling an end to the housing market. (awealthofcommonsense.com)
Strategy
- Josh Brown, "Stock prices are a proxy for our beliefs about the future." (thereformedbroker.com)
- How to reset your expectations about an investment. (theirrelevantinvestor.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)
Crypto
- Tech companies are once again coming to market with convertible bonds. (wsj.com)
- CLOs are back in a big way. (bloomberg.com)
Finance
- Why traditional M&A is becoming less important over time. (hbr.org)
- What you can learn from a career in finance. (americanconsequences.com)
Investment
- RIA consolidator Focus Financial Partners has filed to go public. (citywireusa.com)
- The closed-end fund is 150 years old. (wealthmanagement.com)
Books
- Five books Bill Gates is reading this summer. (gatesnotes.com)
- Ten books Barry Ritholtz is reading the summer. (ritholtz.com)
Earlier on Abnormal Returns
- Podcast links: the tyranny of talking points. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: critical confidence. (abnormalreturns.com)
Mixed media
