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Quote of the Day
“It’s not the investment plan that matters, it’s the advisors sharing it.” The greatest plan is useless if the actual participants don’t follow it. Behavior is the edge we can all access, if we can get past the human tendency to give it away.
(Derek Hernquist)
Markets
Strategy
- Investors can't help letting their economic views get in the way of their investing. (thereformedbroker.com)
- If you are going to "invest" in wine at least read this first. (economist.com)
Companies
- Amazon ($AMZN) is making read headway against Google ($GOOGL) in online advertising. (wsj.com)
- JP Morgan Chase ($JPM) stock is no longer "no-brainer cheap." (brooklyninvestor.blogspot.com)
- The Apple ($AAPL) Card is no great shakes. (thesimpledollar.com)
Finance
- The best tax lawyers in the world couldn't untie Alibaba and Altaba, tax-free. (wsj.com)
- Trading bond ETFs will soon be much easier with this tie-up. (ft.com)
Funds
- A short history of ETFs. (vanguardblog.com)
- Are shareholder really the problem with mutual fund performance? (morningstar.com)
- Why risk-parity is superior to the endowment model. (institutionalinvestor.com)
Brexit
- Brexit or not. The UK economy has structural issues. (ft.com)
- Algos are having a hard time trading Brexit. (uk.reuters.com)
Economy
- A solid March Non-farm Payroll report. (calculatedriskblog.com)
- The NFP report in charts. (blogs.wsj.com)
Earlier on Abnormal Returns
- Podcast links: the student loan quagmire. (abnormalreturns.com)
- How to start reading more: a few simple hacks. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: terrible inequality. (abnormalreturns.com)
- The power of asking the right question. (abnormalreturns.com)
