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Quote of the Day
"Human beings are perfectly capable of being greedy and fearful simultaneously. We like to bucket investors as being either risk-seeking or risk-averse when the truth is that we’re all a hodgepodge of both."
(Phil Huber)
Chart of the Day

Equity risk on an annual basis looks a lot different than bonds and cash.
Markets
- Five big things that are supposed happen but still haven't. (humbledollar.com)
- Keep an eye on small cap weakness. (disciplinedinvesting.blogspot.com)
Strategy
- Stop making 'purposeful mistakes.' (mrzepczynski.blogspot.com)
- Brett Steenbarger, "Trading problems occur when we pursue trading as a source of fun and stimulation rather than as a career that can provide fulfillment." (traderfeed.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)
Crypto
Companies
- Amazon ($AMZN) is no longer running at breakeven. (recode.net)
- Neil Cybart, "There is no evidence that Apple is growing frustrated or tired of the differences found between iPad and Mac." (aboveavalon.com)
- Some reasons to be bullish about our digital future. (blog.evergreengavekal.com)
- How to fix Facebook ($FB). (ritholtz.com)
- Facebook ($FB) still controls the big three networks. (lefsetz.com)
- Should index investors worry about Facebook ($FB)? (portfoliocharts.com)
Funds
Global
Economy
- James Hamilton, "Growth in consumption, nonresidential fixed investment, and net exports helped produce the strong numbers." (econbrowser.com)
- Conor Sen "The challenge for the economy is how much more room there is for it to grow without inflation accelerating." (bloomberg.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- Longform links: coastal vulnerability. (abnormalreturns.com)