Ritholtz Wealth Management is hiring! We are looking for an assistant trader to work in concert with our head of trading. All the details here.
Quote of the Day
"Except for rare instances, it will be imprudent to compare an individuals’ portfolio performance to the S&P 500."
(David Schawel)
Strategy
- Don't let certain well-worn stories get you off track. (awealthofcommonsense.com)
- Some classic quotes including: "Being right keeps you in place. Being wrong forces you to explore." - Steven Johnson (theirrelevantinvestor.com)
- Change takes longer than you think. (scheplick.com)
Companies
- Details on Uber's IPO are coming out. (reuters.com)
- WeWork is spending like crazy. (ftalphaville.ft.com)
ETFs
- Morningstar has begun rating and writing research reports on model ETF portfolios. (citywireusa.com)
- A review of the not-so-hot value ETF space. (morningstar.com)
- Some ETFs are shorted many times over. (etf.com)
Global
- Sending money across borders is now cheaper and easier than ever. (economist.com)
- Companies are finding more oil. (axios.com)
Economy
- Why does the IRS offer a free tax-filing service? Because Intuit and H&R Block don't want them to. (propublica.org)
- The US is not as bad off demographically as part of Europe and Asia but we still need more people. (bloomberg.com)
- Billionaires are full of ideas on how to reform the economy. (ritholtz.com)
Earlier on Abnormal Returns
- Personal finance links: perfect portfolios. (abnormalreturns.com)
- The art of investment decision making. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: the OG quant. (abnormalreturns.com)
- Software, marketplaces and institutionalizing the wine market. (abnormalreturns.com)
Mixed media
- A Q&A with Brad Stulberg co-author of "The Passion Paradox: A Guide to Going All In, Finding Success, and Discovering the Benefits of an Unbalanced Life." (behavioralscientist.org)
- Tyler Cowen's "Big Business: A Love Letter to an American Anti-Hero" is out. (marginalrevolution.com)
- Eight ways to read more books. (hbr.org)
