Subscribe! Want to stay up-to-date with all of our posts? Sign up for our daily e-mail newsletter and get all the good stuff when it comes out.
Quote of the Day
"In the end, following a disciplined repeatable process can eliminate many common mistakes. But it isn’t a panacea. Every investing approach is subject to the mistakes of those following it. Factor investing is no different."
(Jack Forehand)
Chart of the Day

How Tether was used to manipulate the price of Bitcoin in 2017.
Markets
- Momentum is having a great year. (indexologyblog.com)
- Why momentum continues to work. (ivanhoff.com)
Strategy
- Why do stocks generally go up over time? (awealthofcommonsense.com)
- What computer chess tells us about the future of investing. (morningstar.com)
- Why you need an investment policy statement. (nextavenue.org)
- How news headlines can lead you in the wrong direction. (marketwatch.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)
Finance
- Why European banks have lost ground relative to the big American banks, post-crisis. (wsj.com)
- Private equity is putting money to work this year. (wsj.com)
- What it's like to run an anonymous banking Twitter account these days. (dealbreaker.com)
Fortnite
- Fortnite now has more than 100 million players (theverge.com)
- The interest in Fortnite is pretty epic. (theverge.com)
- Fortnite is coming to the Nintendo Switch. (daringfireball.net)
Global
Economy
- We are going to be on Fed Watch for awhile. (themacrotourist.com)
- US companies are returning less capital commonly thought once you take into account share issuance. (papers.ssrn.com)
- Do technological change mean we are mis-measuring US productivity? (ft.com)
Earlier on Abnormal Returns
- Personal finance links: higher touch advice. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: function estimation. (abnormalreturns.com)