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Quote of the Day
"It’s estimated that over $10 billion in public school teachers’ 403(b)s are wasted on egregious and unnecessary fees and commissions. This number is vastly understated"
(Tony Isola)
Chart of the Day
The last three weeks have shown a great deal of pre-market futures anxiety. (via @sentimentrader)
Strategy
- Core bond funds are not as effective a diversifier as straight-up Treasury funds. (morningstar.com)
- What can long-term investors learn from traders. (fundooprofessor.wordpress.com)
Value investing
- You cannot rely on a fund's name to know what its actual strategy. (etf.com)
- There are all manner of flavors of value investing. (blog.validea.com)
Finance
Global
Economy
Advice
- A good commencement speech from VC Mark Suster. (bothsidesofthetable.com)
- 7 pieces of advice from Lin-Manuel Miranda for new graduates including "Find your people." (fastcompany.com)
- Like it or not habits are always forming. (m.signalvnoise.com)
Earlier on Abnormal Returns
- Startup links: building food platforms. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: suppressing your ego. (abnormalreturns.com)
- Busting the Bernstein Curve: equity funds are now more than 50% passive. (abnormalreturns.com)
Mixed media
- Ten books Barry Ritholtz plans on taking to the beach including "The Algebra of Happiness: Notes on the Pursuit of Success, Love, and Meaning" by Scott Galloway. (bloomberg.com)
- How to write a book if you have a full-time job. (thecreativeindependent.com)
- Ten e-mail newsletters that don't suck. (fastcompany.com)
