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Quote of the Day
"Loss aversion is the idea that we regret losses twice as much as gains make us feel good. Looking at the stock market on a daily basis means you’ll basically feel terrible every single day, since the pain from loss will outweigh the joy from gains."
(Ben Carlson)
Markets
Strategy
- Will trend-following continue to disappoint? (awealthofcommonsense.com)
- Don't forget, compounding works both ways. (tonyisola.com)
Libra
- How might Libra chance the market for remittances? (marginalrevolution.com)
- Libra is also about digital identity. (coindesk.com)
Crypto
- If you want to short Bitcoin, you really have one choice. (wsj.com)
- Bitcoin has an interesting day or so. (coindesk.com)
Food
- The big four chicken producers are accused of price fixing. (nytimes.com)
- LaCroix ($FIZZ) once had the flavored, carbonated water space pretty much to itself. Not anymore... (wsj.com)
- Dean Foods ($DF) is pretty much in freefall. (msn.com)
Amazon
- Amazon ($AMZN) may have won the e-book wars, but the Kindle has no 'soul.' (newconsumer.com)
- Making hit features films is more difficult than guaranteeing two-day delivery of diapers. (hollywoodreporter.com)
- Amazon ($AMZN) will now deliver your package to a retailer, like Rite-Aid. (media.thinknum.com)
Private equity
- Despite accelerating buyout activity, private equity is still sitting on record dry powder. (ft.com)
- Private equity investors want more transparency from their managers. (institutionalinvestor.com)
Funds
- There is really, very little evidence of outperformance in mutual fund data. (thefinancialbodyguard.com)
- Another prominent hedge fund of funds is shutting down. (wsj.com)
The UK
- Foreign investors want no part of Brexit. (ft.com)
- London is under threat as the financial capital. (economist.com)
Student loans
- How to solve the student loan debt crisis without forgiving everyone's debt. (pragcap.com)
- Smart companies are helping employees pay off student loans AND save for retirement. (fa-mag.com)
- Student loan debt reduction is a cornerstone for Democrats. (thereformedbroker.com)
Economy
- Weekly initial unemployment claims ticked higher last week. (calculatedriskblog.com)
- Housing affordability continues to get worse for the average American despite moderating prices. (bnnbloomberg.ca)
- Insights from Harvard's big housing report. (thebasispoint.com)
Earlier on Abnormal Returns
- Startup links: investing in businesses. (abnormalreturns.com)
- Here's my recent talk with Robert Seawright about the importance (and challenges) of choosing investment benchmarks. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: consumption-crazed gerbils. (abnormalreturns.com)
- Why your luxury car is unlikely to materially boost your happiness. (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)
