Quote of the Day
"Something unusual is happening. Is the investment-grade sell-off overdone? Or is high-yield due for some catch-up on the downside?"
(Kevin Muir)
Chart of the Day
Banks are far less levered than they were before the financial crisis.
Markets
- Using a broad measure of profits the stock market is not all that overvalued. (scottgrannis.blogspot.com)
- The S&P is an ever-changing mix of industries and stocks. (thereformedbroker.com)
- Another example of why predicting the future is a mug's game. (ftalphaville.ft.com)
Strategy
- Why (and when) value investing works. (morningstar.com)
- Noted value investor Monish Pabrai on how he utilizes investment checklists. (sumzero.com)
- Once you start looking power laws are everywhere in markets. (mrzepczynski.blogspot.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)
Tesla
- How Elon Musk is harming Tesla ($TSLA) long-term. (aswathdamodaran.blogspot.com)
- Tesla ($TSLA) stock and bondholders are in a bit of a disagreement. (ftalphaville.ft.com)
Funds
- How custom baskets will change the ETF business. (etf.com)
- Have CTAs been too willing to accept equity market risk to the detriment of providing 'crisis alpha'? (institutionalinvestor.com)
- When everything is an index what does indexing even mean? (etf.com)
Economy
- America's shortage of truck drivers is becoming epic. (washingtonpost.com)
- Men and women's experience at work is diverging. (economist.com)
- Which would work better: universal basic income or universal jobs guarantee. (ft.com)
Earlier on Abnormal Returns
- Podcast links: big mistakes by smart investors. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: extreme winners. (abnormalreturns.com)
