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Quote of the Day
"Fair value does not contain the “act now” decision-making bias of a target price. Said differently, a target price is actually a trigger point, whereas as a fair value estimate is created to spark discussions and understanding."
(Jason Voss)
Markets
- Boeing's ($BA) troubles demonstrate the problem with the Dow. (etf.com)
- The 10 year-3 month Treasury spread is at 5 bp. (axios.com)
Strategy
- Are we investing too LITTLE in residential real estate relative to equities? (bloomberg.com)
- Honest advice is always context-dependent. (awealthofcommonsense.com)
- Why book value has lost its meaning. (economist.com)
- What March Madness can teach us about how we perceive probabilities. (rcmalternatives.com)
- Why JC is bullish on technical analysis. (allstarcharts.com)
FinTwit
- Five lessons learned from one year on FinTwit. (linkedin.com)
- 100 wealth management influencers. (onalytica.com)
Retail
- Amazon ($AMZN) has a product counterfeiting problem. (ftalphaville.ft.com)
- Wal-Mart ($WMT) is pushing hard to keep up with Amazon on the technology front. (wsj.com)
- Online returns have become a big business. (bloomberg.com)
Apple
- To keep growing Apple ($AAPL) needs to bring more people into its ecosystem. (bloomberg.com)
- Apple ($AAPL) is pushing back against the movement towards super-sizing devices. (asymco.com)
- The new iPad Mini is a big upgrade. (daringfireball.net)
- AirPods ARE the future. (slate.com)
Finance
- Wall Street will always find something else to sell the gullible. (thereformedbroker.com)
- Algorithmic trading is coming for the muni bond market. (bloomberg.com)
- Jumbo mortgage volume is in decline. (wsj.com)
Funds
- Howard Marks expects to see more asset management tie-ups. (bnnbloomberg.ca)
- To survive, fundamental investors are going to have to embrace alternative data. (institutionalinvestor.com)
- Quants dominate the list of the highest paid hedge fund managers. (mathinvestor.org)
Global
- Steve Eisman does not like Canadian banks. (ft.com)
- The Saudi Arabian stock market is getting a boost from index funds. (ft.com)
Economy
Earlier on Abnormal Returns
- 20 prime quotes about ETFs including one from yours truly. (theetfeducator.com)
- Startup links: absent angels. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: driving through the fog. (abnormalreturns.com)
- Life is too complicated for you to have a "Number." What you need is optionality. (abnormalreturns.com)
