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Quote of the Day
"We are at the infancy of quantitative fixed income investing, but we are also at the infancy of electronic fixed income market-making. Structurally, credit markets are changing."
(Robert Lam, co-head of credit at Man Numeric)
Markets
- Don't like how the data looks...change the start and/or end dates to suit your argument. (fortune.com)
- By this measure the valuation spread between glamour and value stocks is not all that out of whack. (alphaarchitect.com)
Strategy
Crypto
Companies
- Every fast growing company eventually has to make a transition to sustainable profitability. (intrinsicinvesting.com)
- Jack Welch, former CEO of GE ($GE), was more lucky than good. (msn.com)
Fintech
- Why aren't more fintechs lining up go to public? (allaboutalpha.com)
- For serious investors, a smartphone screen isn't enough. (howardlindzon.com)
Finance
- Quants are planning to do to fixed income what they did to equities. (ft.com)
- BDCs now hold over $100 billion in assets. (washingtonpost.com)
- IPO bankers are making sure they are covered if a company gets acquired prior to an IPO. (bloomberg.com)
Funds
- Yale's endowment fund is working hard to keep up with the S&P 500. (morningstar.com)
- Ten years ago Blackrock ($BLK) bought BGI. It is still benefiting today. (fnlondon.com)
MBA
- More universities are shutting down their traditional, full-time MBA programs. (wsj.com)
- The biggest salary jumps accrue to graduates from the top programs. (bloomberg.com)
- If you are going to do an MBA and can qualify for an in-person top 20 program, why would you go anywhere else? (pointsandfigures.com)
Housing
- Demographics are supportive of the housing market. (calculatedriskblog.com)
- Speaking of housing, there is no shortage of open construction jobs. (eyeonhousing.org)
- KKR ($KKR) is backing a firm that helps finance house-flipping. (wsj.com)
Earlier on Abnormal Returns
- Personal finance links: the highest dividend. (abnormalreturns.com)
- Put as many money decisions on autopilot that you can. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: dropping the GFC. (abnormalreturns.com)
- Talking about the future of financial advice with Cullen Roche. (abnormalreturns.com)
- On the perils of passive news consumption. (abnormalreturns.com)
