Ritholtz Wealth Management has teamed with Betterment to make Liftoff the easiest way to begin investing. There is no minimum and transferring in existing accounts is a snap. Click here to hear the thinking behind this move.
Quote of the Day
"Money does not buy happiness, or at least not very much of it. But it does lead to greater life satisfaction, which over the longer term may matter more. And that is a huge reason to appreciate money and what it can do for you."
(Barry Ritholtz)
Chart of the Day

If the value of the British Pound is any indication, then nobody really wants a piece of Brexit.
Markets
- No matter how you slice it small caps are underperforming. (wsj.com)
- 'Boring stocks' can get overvalued as well. (intrinsicinvesting.com)
Strategy
- If the past twenty years were all about globalization, how do you invest if we are in a period of 'deglobalization'? (ft.com)
- Why bother with private equity if you can replicate it cheaper and with liquidity, to boot. (mrzepczynski.blogspot.com)
- Successful is, in part, a story of preparation. (safalniveshak.com)
- A framework for reading financial news. (blogs.cfainstitute.org)
Companies
Finance
Fund management
- Bond ETFs were designed to help individual investors, but now they are the province of institutional investors. (pionline.com)
- Even Blackrock ($BLK) can't avoid the sting of falling fees. (wsj.com)
Global
- China's Star Market started trading with a bang. (ft.com)
- Will Naspers' plan to spinoff its stake in Tencent boost its stock price? (ft.com)
Economy
- The Chicago Fed National Activity Index (CFNAI) ticked up in June. (calculatedriskblog.com)
- Restaurants are having a hard time keeping workers absent a pay boost. (wsj.com)
Earlier on Abnormal Returns
- Adviser links: a hard topic to broach. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
- Nobody should think entrepreneurship will be easy. (abnormalreturns.com)