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Quote of the Day
"As is so often the case in investing, once you have made a good decision, the best subsequent decision — and frequently the hardest to stick to — is to do nothing at all."
(Miles Johnson)
Chart of the Day
“Lumber at a 9-month low, down 37% from its peak in May. Was up 45% on the year, now down 7%.” (via @charliebilello)
Markets
Strategy
- Brendan Mullooly, "Anything successful that can be easily and painlessly replicated will." (mullooly.net)
- Why today's market environment can be so frustrating. (howardlindzon.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)
Small business
- Small business owners are pretty optimistic. (disciplinedinvesting.blogspot.com)
- Now is a great time to be the owner of a privately-owned business. (thereformedbroker.com)
Companies
- How Instagram Stories overtook Snapchat ($SNAP). (recode.net)
- Why a go-private transaction doesn't make sense for Tesla ($TSLA). (aswathdamodaran.blogspot.com)
Fund management
- Inside the business case for Fidelity to offer zero-fee index funds. (bloomberg.com)
- Some comments on what free index funds mean for the asset management industry. (evidenceinvestor.co.uk)
- When official fund expense numbers don't tell the whole story. (morningstar.com)
- The current active management model needs to change. (ritholtz.com)
Data
- Where asset managers are getting alternative data. (institutionalinvestor.com)
- Economists are scrambling to catch up to the growing amount of data. (timharford.com)
- "Information advantages in the investment industry are very short lived." (allaboutalpha.com)
Economy
Earlier on Abnormal Returns
- Podcast links: the art of stillness. (abnormalreturns.com)
- The cost of keeping your promises. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Asking for help is a strength, not a weakness. (abnormalreturns.com)
- My Q&A with Brian Portnoy author of "The Geometry of Wealth: How to Shape a Life of Money and Meaning." (abnormalreturns.com)
