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Quote of the Day
"When given the choice between a false, yet satisfying, narrative and having to admit we don’t know, satisfaction is all but guaranteed."
(Brendan Mullooly)
Strategy
- On the 'placebo effect' in investing - a lot of trading is simply there to make us feel better. (behaviouralinvestment.com)
- The key to investing is having a plan in place you can actually follow. (therealwealthfarmer.com)
- Five questions for Tobias Carlisle of Acquirer’s Funds. (blog.validea.com)
Libra
- Even Libra's "partners" are wary of the venture. (nytimes.com)
- It is unlikely that regulators leave Libra alone (ft.com)
Companies
- Will better marketing help save Kraft Heinz ($KHC)? (wsj.com)
- Why investors hate the oil services sector. (washingtonpost.com)
- AbbVie ($ABBV) shareholders won't get a chance to vote on the Allergan ($AGN) deal. (barrons.com)
Finance
- Why the ideal company listing combines the features of a direct listing and a Dutch auction. (axios.com)
- Companies no longer require hand holding when meeting with big institutional investors. (wsj.com)
- Can Monzo make money without actually lending it out? (finance.yahoo.com)
Vanguard
- Vanguard is now the second company with $1 trillion (or more) in ETF assets. (etf.com)
- Vanguard launched its Vanguard Commodity Strategy Fund for "investors seeking low-cost exposure to the commodities market." (finance.yahoo.com)
Private assets
- Retail investors are way out of their depths when it comes to private equity. (blogs.cfainstitute.org)
- Retail investors are missing out on private market gains. Solving the problem is another issue. (pointsandfigures.com)
Funds
- US money market fund assets are back to 2010 levels. What happens if the Fed cuts rates? (finance.yahoo.com)
- Avantis Investors is looking to out-DFA, DFA. (riabiz.com)
- Higher technology costs are putting pressure on asset management profit margins. (institutionalinvestor.com)
Netflix
- The streaming wars are on full-tilt: "The Office" is leaving Netflix ($NFLX) in 2021. (hollywoodreporter.com)
- How the Netflix ($NFLX) standup special became an essential part of a comedy career. (hollywoodreporter.com)
- Somebody went to the trouble of ranking all of Netflix's ($NFLX) original movies. (vulture.com)
Housing
- In real terms, house prices are back to late 2004 levels. (calculatedriskblog.com)
- The current real estate market is "healthy, but not on fire." (thebasispoint.com)
Earlier on Abnormal Returns
- Personal finance links: consumption-crazed gerbils. (abnormalreturns.com)
- Why your luxury car is unlikely to materially boost your happiness. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: risk premia choice. (abnormalreturns.com)
- Picking up plastic straws in front of an oncoming steam roller. (abnormalreturns.com)
- Ready or not, e-commerce for real estate is here! (abnormalreturns.com)
Mixed media
- When you feel like you are in the wrong part of your career: an excerpt from David Epstein's "Range: Why Generalists Triumph in a Specialized World." (quietrev.com)
- Not everyone can be exceptional: what should you do? (safalniveshak.com)
- How to negotiate with multiple employers. (wsj.com)
- Should we pull the plug on cover letters? (fastcompany.com)
- A pristine resume is a rare thing. (hunterwalk.com)
