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Quote of the Day
"Mr. Market – Benjamin Graham’s figment of imagination – is like the Tupperware hostess who would invite you every day to join the party. He’s also like the auctioneer who wants you to jump into the adrenaline-filled bidding war. Remember the rule? Don’t go."
(Anshul Khare)
Markets
- US stocks are expensive relative to developed and emerging markets, but the question is how much? (fortunefinancialadvisors.com)
- Is the faith in gold, as a store of value, going to burn out over time? (awealthofcommonsense.com)
Books
- Tony Isola, "The best investment advice often comes from books that have little to do with money." (tonyisola.com)
- The 15 books up for the 2018 Financial Times and McKinsey Business Book of the Year Award. (ft.com)
Strategy
- It's not easy, but how do you change someone's mind about investing? (obliviousinvestor.com)
- You should write to hone your own skills. (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)
Crypto
- What is Tether and how did it become the 'reserve currency' of the crypto world? (wsj.com)
- Even hedge funds are confused about how to calculate taxes on their cryptocurrency investments. (bloomberg.com)
Finance
- Blocked deals are making life difficult for merger arbitrage investors. (ft.com)
- Being a public provides some measure of transparency that private companies avoid. (ftalphaville.ft.com)
- The NYSE doesn't want the SEC to poke around its use of rebates. (ft.com)
Private equity
- Private equity is increasingly focused on direct, leveraged lending. (wsj.com)
- Why dry powder keeps piling up in the private equity industry. (ft.com)
Fund management
- Five niches that should continue to grow and thrive in the money management industry. (bloomberg.com)
- How to use factor loadings to analyze a fund. (etf.com)
Economy
- What CEOs had to say on earnings conference calls last week. (avondaleam.com)
- Inflation shocks are always right around the corner. (ftalphaville.ft.com)
- The new way in which oil now affects the US economy. (bloomberg.com)
- Fewer and fewer teens are seeking out summer employment. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Adviser links: meaningful selections. (abnormalreturns.com)
- What you may have missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
- The cost of keeping your promises. (abnormalreturns.com)
