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Quote of the Day
"There is thus no conflict between worthwhile corporate investment and shareholder payouts. In fact, they tend to move together. When things are going well, managers have confidence to commit to long-term projects. They also have plenty of cash flow and easy access to the bond market to reward equity investors."
(Matthew C. Klein)
Markets
- Markets like when uncertainty gets resolved, think impeachment. (bloomberg.com)
- Treasury yield spreads continue to decline. (capitalspectator.com)
Strategy
- How much inflation beta do you want? Think commodities. (mrzepczynski.blogspot.com)
- Advice from the top-rated analyst on SumZero. (sumzero.com)
- Beware stock market forecasts, even from Jack Bogle. (servowealth.com)
Companies
Lending
- Lenders, like Marcus, have embraced unsecured personal loans. (wsj.com)
- The leveraged loan market seems to be at a bit of a turning point. (bloomberg.com)
Finance
- What brokers are most at-risk of $0 stock commissions? (money.cnn.com)
- Litigation finance is going mainstream. (ft.com)
- Goldman Sachs' ($GS) Marcus is now accepting deposits in the UK. (ft.com)
Economy
Earlier on Abnormal Returns
- Podcast links: seeking silence. (abnormalreturns.com)
- Why it's so difficult to change people's minds. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: ringing the bell. (abnormalreturns.com)
- Melting permafrost, penny stock losses and panic attacks: revisiting three earlier posts. (abnormalreturns.com)
Mixed media
- Five books on learning, thinking and decision making including "Antifragile: Things that Gain from Disorder" by Nassim Taleb. (safalniveshak.com)
- 5 investing books you may not have heard of including "Heads I Win, Tails I Win: Why Smart Investors Fail And How To Tilt The Odds In Your Favor" by Spencer Jakab. (forbes.com)
