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Quote of the Day
"The idea that rewards promote focus and skill is only true to a point; when the rewards get high enough it spins the other direction, because mental bandwidth that would otherwise go toward strategy and reason is overwhelmed by dreaming about the reward."
(Morgan Housel)
Chart of the Day
A big growth area for the music industry has been the concert business.
Markets
Strategy
- Four overlooked investment decisions. (awealthofcommonsense.com)
- Finding companies with sustainable moats is easier said than done. (economist.com)
- Best practices for keeping a trading journal. (traderfeed.blogspot.com)
Companies
- Beyond Meat ($BYND) maker of the Beyond Burger is now public. (markets.businessinsider.com)
- An example why big companies shouldn't Tweet. (ritholtz.com)
Finance
- The ICE ($ICE) is betting more on a more streamlined, digital home mortgage system. (wsj.com)
- Forex trading is increasingly digital. (economist.com)
- The hedge fund industry is consolidating into fewer (big) managers. (institutionalinvestor.com)
Fund management
- Why the trend toward lower fees isn't going away any time soon. (etf.com)
- Fund fees are only one part of the cost of investing. (morningstar.com)
- What to look for in a bond index fund. (monevator.com)
- Congratulations to Mutual Fund Observer on its eighth anniversary. (mutualfundobserver.com)
Global
Geography
- The Missouri River is just going to keep on flooding. (bloomberg.com)
- How matching-software could make for better refugee resettlement. (theatlantic.com)
- A map of where natural disaster tends to strike in the US. (washingtonpost.com)
Economy
- Weekly initial unemployment claims jumped last week. (calculatedriskblog.com)
- The Midwest is the hot spot for those seeking "good jobs" that don't require a college degree. (nytimes.com)
Earlier on Abnormal Returns
- Startup links: sales manager potential. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: conventional personal finance. (abnormalreturns.com)
