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Quote of the Day
"In other words, by saying ‘we don’t care about how much money we make on this right now’, Disney is reframing the discussion about the potential of this business to be limitless."
(Rusty Guinn)
Chart of the Day
Monster Beverage ($MNST) has been the best performing US stock since 2000.
Markets
- Forex markets are unusually calm. (ft.com)
- Lyft ($LYFT) shares are not off to a good start. (wsj.com)
Strategy
- Successful investors survive to play another day. (ofdollarsanddata.com)
- Tax refunds are inefficient but have a practical application. (blairbellecurve.com)
- Ten behavioral advantages individuals have over institutional investors. (behaviouralinvestment.com)
Finance
- IPOs are also big branding events. (nytimes.com)
- IEX Group valued at $700 million as early investors exit. (wsj.com)
Fund management
- Does the use of alternative data constitute an unfair advantage for funds that can pay for it? (theatlantic.com)
- NLP analytics are the new financial analysts. (venturebeat.com)
ETFs
Global
Economy
- New homebuilder confidence ticked higher in April. (calculatedriskblog.com)
- Pay attention to core inflation not headline. (capitalspectator.com)
- US malls are still under pressure. (wsj.com)
Earlier on Abnormal Returns
- Research links: Buffett's post-factor alpha. (abnormalreturns.com)
- In today's Market Moment we look at the Treaty of Accession and what has changed since then. (shows.pippa.io)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: you do you. (abnormalreturns.com)
Mixed media
- Shane Parrish, "Building a team is more complicated than collecting talent." (fs.blog)
- A Q&A with Rich Karlgaard author of the new book "Late Bloomers: The Power of Patience in a World Obsessed With Early Achievement." (nextavenue.org)
- This company pays employees to unplug on vacation. (fastcompany.com)
