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Quote of the Day
"It’s rare to know which businesses or stocks are going to be successful in the moment. This is why back-tests are easy but front-tests are hard. The past looks obvious but the future almost always looks messy."
(Ben Carlson)
Chart of the Day
A visual representation of the randomness of global equity markets.
Markets
- It's not the first rate cut that gets you. (fat-pitch.blogspot.com)
- The bond market does have some forecasting value. (fattailedandhappy.com)
- What would happen if ever entered an era of rising rates? (economist.com)
- No matter how you slice it, Google ($GOOGL) trails Amazon and Microsoft in the cloud. (bloomberg.com)
- How Google Stadia plans to gain traction in the game marketplace. (theverge.com)
Finance
- Remembering legendary money manager John Neff. (inquirer.com)
- Kirkland & Ellis works with some 450 private equity firms. (ft.com)
Funds
- Is factor investing going to follow the path of indexing and become a winner-take-all deal? (institutionalinvestor.com)
- The ETF Deathwatch grew for May 2019. (investwithanedge.com)
Economy
- Weekly initial unemployment claims came in at 218,000. (calculatedriskblog.com)
- America's interest in remodeling their homes is ebbing. (marketwatch.com)
- Home flippers are taking their tools and going home. (bloomberg.com)
Earlier on Abnormal Returns
- Startup links: trusted brands. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- ESG links: superstar firms. (abnormalreturns.com)
- Personal finance links: funded contentment. (abnormalreturns.com)
- Why diversification works in life and markets: a discussion with Dr. Brett Steenbarger. (abnormalreturns.com)
