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Quote of the Day
"Rebalancing may seem like an innocent enhancement strategy under normal times, but if there are trends in markets, rebalanced portfolios will show poorer performance than a buy and hold strategy."
(Mark Rzepczynski)
Strategy
- With more and more data being creative, checking your work becomes more important. (ofdollarsanddata.com)
- An example of why it is so difficult to time the stock market. (awealthofcommonsense.com)
- Why we should be in favor of anything that makes investing easier. (thegamblerbias.com)
- Sports is a great place to see behavioral bias in action. (behaviouralinvestment.com)
Crypto
IPOs
- Chewy.com has filed to go public. (markets.businessinsider.com)
- So has WeWork's parent. (nytimes.com)
Disney
- Disney ($DIS) is set to have its best month of stock performance in the past 32 years. (crossingwallstreet.com)
- How big is Disney's ($DIS) moat? (silverlightinvest.com)
Finance
Fund management
- Are ETFs really crushing mutual funds? (alphaarchitect.com)
- Fund fees have never been lower. (morningstar.com)
- These Vanguard ETFs have lower expense ratios than Admiral shares. (barrons.com)
Opportunity zones
- More firms are rolling out real estate-focused Opportunity Zone funds. (financial-planning.com)
- The logic behind Opportunity Zones is backward. (ft.com)
Rich List
- There are a lot of familiar names on Institutional Investor's 2018 "Rich List" of the highest paid hedge fund managers. (institutionalinvestor.com)
- Ray Dalio, who tops the list, is spending more time talking about income inequality. (nytimes.com)
Global
- There seems to be a growing thaw between Alibaba ($BABA) and Tencent. (ft.com)
- Why has population growth been dropping since the 1960s? (visualcapitalist.com)
Economy
- US house price gains are slowing. (calculatedriskblog.com)
- Labor Dept. rules that gig economy workers are not employees. (nytimes.com)
Earlier on Abnormal Returns
- Research links: good statistical design. (abnormalreturns.com)
- In today's Market Moment we revisit Chrysler's bankruptcy and the current state of corporate credit. (shows.pippa.io)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: finding bias. (abnormalreturns.com)
