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Quote of the Day
"Selecting appreciated investments after the fact is easy. Instead, consider this challenge: What work of art are you willing to buy and hold for sale in 2052? That question reveals just how difficult investing in collectible assets really is."
(Barry Ritholtz)
Markets
- There is no sign of a slowdown in share buybacks on the horizon. (wsj.com)
- When will the quant pain stop? (etf.com)
- Transferring investment knowledge is harder than it looks. (mrzepczynski.blogspot.com)
Companies
- Maybe the platform model isn't as robust as we thought. (ft.com)
- The numbers behind the most success product of all-time: the Apple ($AAPL) iPhone. (asymco.com)
- Twitter ($TWTR) is the one Western social media platform that is huge in Japan. (bloomberg.com)
- Facebook ($FB) has a talent problem. (cnbc.com)
- Only 6.6% of the Fortune 500 have female CEOs. (fortune.com)
Finance
- Luckin Coffee ($LK) went public just two years after opening its first shop. (ft.com)
- Private equity love the IBD business. (investmentnews.com)
- A rundown from the 72nd annual CFA Institute Conference from London. (blairbellecurve.com)
- An update on the big happenings at StockTwits including 1000 character posts and the new (free) brokerage. (thereformedbroker.com)
Fund management
- Vanguard is putting a fee on purchasers of its Vanguard Long-Term Bond Index fund. (philly.com)
- Nick Kapur talked selecting emerging managers with Mr. Justin Barton, the President and Chief Investment Officer of the UCLA Investment Company. (sumzero.com)
ETFs
- You want a bunch of ETF industry statistics and charts? Well here you go... (theetfeducator.com)
- ETF closures are on the same pace as 2018. (etf.com)
Economy
Earlier on Abnormal Returns
- Podcast links: going cold turkey. (abnormalreturns.com)
- Startup links: data downsides. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: offsetting bad luck. (abnormalreturns.com)
- What's with all the hype around portfolio rebalancing? (abnormalreturns.com)
Mixed media
- Four books on market history you should read including "Triumph of the Optimists." (evidenceinvestor.com)
- Jared Diamond’s new book, “Upheaval: Turning Points for Nations in Crisis” succeeds even though "it really has no right to." (bloomberg.com)
- A Q&A with William von Hippel author of "The Social Leap: The New Evolutionary Science of Who We Are, Where We Come From, and What Makes Us Happy." (behavioralscientist.org)
- A Q&A with Casey Cep's "Furious Hours: Murder, Fraud, and the Last Trial of Harper Lee." (longreads.com)
- Brad Feld loved Ian McEwan’s "Machines Like Me." (feld.com)
- A rave review for Gary Shteyngart's "Lake Success." (lefsetz.com)
