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Quote of the Day
"For most investors, owning a multifactor ETF is preferable to trying to build a do-it-yourself multifactor model, combining single factors on one’s own. The “do-it-for-me” approach will likely be more efficient from a cost, tax, and behavioral perspective."
(Ben Johnson)
Markets
- Valuations have little relationship with one-year stock market returns. (pensionpartners.com)
- The downsides of using the advance-decline line. (athrasher.com)
Strategy
- Taking more risk does not guarantee higher returns. (monevator.com)
- What should you expect from a standard asset allocation strategy? (capitalspectator.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
- Beware overly broad statements about the impact of cryptocurrencies on existing industries. (bloomberg.com)
- Bitwise is launching additional cryptocurrency index funds. (etftrends.com)
Companies
Finance
- Can finance ever adapt to a lower stress, more flexible workweek? (institutionalinvestor.com)
- Private equity firms are putting capital to work at a languid pace. (institutionalinvestor.com)
ETFs
- Australia’s Perth Mint Physical Gold ETF ($AAAU), the first with bullion holdings guaranteed by a sovereign entity has launched. (bloomberg.com)
- What are 'buffer ETFs' and do they work as advertised? (bloomberg.com)
Fund management
- Fidelity is not the only option for ultra-low index fund fees. (morningstar.com)
- In what ways are fees still an issue for investors and advisors? (morningstar.com)
Money
- We have historically called a lot of things money that have no inherent value. (medium.com)
- The development of money was a hit-or-miss affair in ancient societies. (sciencenews.org)
Global
Economy
- New homebuilder confidence is high but falling. (calculatedriskblog.com)
- Why Bill Gates is reading "Capitalism Without Capital" by Jonathan Haskel and Stian Westlake. (fastcompany.com)
Earlier on Abnormal Returns
- Personal finance links: subsidized investing. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: liquid disappointments. (abnormalreturns.com)
Mixed media
- Brett Steenbarger, "That is what professionalism is all about: Having so much experience that you not only follow good rules and processes, but you know how to adapt to unique situations as they present themselves." (traderfeed.blogspot.com)
- How to avoid loneliness when working from home. (hbr.org)
- Four steps to making a difficult decision. (seths.blog)
