Registration for the first of its kind Wealth/Stack Conference on September 8-10th, 2019 at the Scottsdale Plaza Resort in Arizona is now open! Use this link to get an exclusive discount so you can find out how advisors are bridging the gap between technology, investment management and practice management.
Quote of the Day
"In an age of Gmail and Slack, work has been largely reduced to employees opening up their inboxes and chat channels and then just rock n’ rolling — hoping that the cumulative impact of this back-and-forth busyness moves the needle in the right direction."
(Cal Newport)
Markets
- A recent BAML survey of portfolio managers shows a surge in interest in US Treasuries, US equities not so much. (bnnbloomberg.ca)
- The IPO market in 2019 has been friendly to Unicorns. (theirrelevantinvestor.com)
Strategy
- Buy-and-hold decisions are only easy in retrospect. (safalniveshak.com)
- What was the greatest asset bubble of all-time? (ofdollarsanddata.com)
Libra
- Facebook ($FB) is betting big on Libra. (nytimes.com)
- How will Libra work? (nytimes.com)
- A Libra cheat sheet. (ftalphaville.ft.com)
- It's a stretch to call the Libra coin a cryptocurrency. (ftalphaville.ft.com)
- Why USV joining the Libra Association as a founding member. (avc.com)
Companies
Gender
- No matter how you measure it there is still a stark gender disparity in finance and wealth management. (thereformedbroker.com)
- Sallie Krawcheck, "I would argue that in our society, money is a male construct." (nytimes.com)
- We're trying to flip the gender ratio in our upcoming conference. (blairbellecurve.com)
Private equity
- Europe's private equity firms are getting in on the megafund trend. (ft.com)
- Private equity firms, like Cereberus, are venturing into frontier markets, like Mongolia, for deals. (wsj.com)
Economy
- There is no shortage of analysts willing to call the end of the economic recovery. (valueplays.net)
- Consumer confidence trumps business confidence. (bloomberg.com)
- On the pros and cons of a rate cut. (ritholtz.com)
- Why we need (some) inflation. (awealthofcommonsense.com)
- Why are US economic expansions getting stretched out? (fattailedandhappy.com)
- Best practices for consuming consumer business cycle analysis. (capitalspectator.com)
Earlier on Abnormal Returns
- Research links: meeting obligations. (abnormalreturns.com)
- In today's Market Moment I talk about the introduction of the LP and the current state of the music market. (shows.pippa.io)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Adviser links: AUM model maturity. (abnormalreturns.com)
- Good luck trying to find a decent .com URL these days. (abnormalreturns.com)
- What we lose when convenience trumps experience: the case of brisket. (abnormalreturns.com)
