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Quote of the Day
"Investing is one of the only venues that offer daily opportunities for extreme rewards. People believe in financial quackery in a way they never would for, say, weather quackery because the rewards for correctly predicting what the stock market will do next week are in a different universe than the rewards for predicting whether it will be sunny or rainy next week."
(Morgan Housel)
Markets
- Nobody on Christmas Eve 2018 would have predicted new all-time highs by Easter. (awealthofcommonsense.com)
- Commodities are by far and away the worst performing asset class over the past five years. (capitalspectator.com)
Strategy
- How the paradox of skill can be explained, in part, by structural changes in the stock market. (morningstar.com)
- Why you should re-shape your environment to maximize your potential. (forbes.com)
Companies
Finance
- StockTwits is launching commission-free trading this Summer. (howardlindzon.com)
- 10 things learned from the LendIt Fintech conference. (thebasispoint.com)
- Venmo plans to issue credit cards. (wsj.com)
- Easier banking may be coming soon for marijuana companies. (fortune.com)
Funds
- Asset management fees are getting 'barbelled.' (ft.com)
- A path forward for global macro according to AQR. (institutionalinvestor.com)
- A closer look at the iShares Core MSCI Emerging Markets ETF ($IEMG). (morningstar.com)
Earlier on Abnormal Returns
- Podcast links: the future is voice. (abnormalreturns.com)
- Financial planning isn't just for couples. (abnormalreturns.com)
- Changing behavior takes a long time: health, investing and eating meat. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: pitch memos. (abnormalreturns.com)
