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Quote of the Day
"Because active funds introduce randomness, uncertainty and cost into the equation, the new advisor algebra simply eliminates them so as to remove these variables from consideration."
(Josh Brown)
Markets
Books
- Mistakes are an inevitable part of investing. Lessons learned from Micheal Batnick's "Big Mistakes." (readingthemarkets.blogspot.com)
- John Carreyou's "Bad Blood" is a great primer on frauds occur. (valueandopportunity.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
Finance
- How investment banking has changed (and hasn't) over the past decade. (ft.com)
- A Q&A with the new co-CEOs of the Carlyle Group ($CG). (bloomberg.com)
Funds
- A good reminder: the S&P 500 is NOT the 500 companies with the highest market cap. (wsj.com)
- Rob Arnott thinks we aren't paying enough attention to the hidden-costs of indexing. (citywireusa.com)
- Why fund fees are headed towards zero. (wsj.com)
Economy
- Is the US due for a recession? (awealthofcommonsense.com)
- The Fed is unique in its hawkish approach compared to the ECB or BOJ. (ft.com)
Earlier on Abnormal Returns
- ETF links: a focused impact. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- The power of being genuinely curious in a cynical age. (abnormalreturns.com)