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Quote of the Day
"There are no facts about the future."
(Ashby Daniels)
Chart of the Day

Individual investors are still pretty darn optimistic. (via @JLyonsFundMgmt)
Strategy
- Pros focus on their games, not the game itself. (traderfeed.blogspot.com)
- Going all-in or all-out is not investing. (dashofinsight.com)
Blogosphere
- Congrats to FTH on a year of blogging! (fattailedandhappy.com)
- On the importance of (writing) streaks. (seths.blog)
- Want to be an informed citizen? Read these 7 blogs. (medium.com)
Companies
- Why hasn't LinkedIn, owned by Microsoft ($MSFT), turned into a cesspool like every other social site? (nytimes.com)
- iHeartMedia ($IHRT) came out of bankruptcy slimmed down. (barrons.com)
- UPS ($UPS) is not giving up Amazon ($AMZN) yet. (wsj.com)
Finance
- JP Morgan Chase ($JPM) just wiped away the debt of its Canadian credit card customers. (nytimes.com)
- All signs point to Saudi Aramco going ahead with an IPO. (nytimes.com)
Policy
- The former Fed chairs are none too happy with Trump. (wsj.com)
- Is payroll processing time an issue for government? (wsj.com)
- The mortgage interest deduction is past its due date. (news.yahoo.com)
- Alaska has a (big) oil revenue problem. (finance.yahoo.com)
- One-child families are becoming the norm. (ft.com)
Housing
- The housing market is still pretty strong in these areas. (wsj.com)
- It takes less time to close a mortgage than ever. (thebasispoint.com)
- Lower mortgage rates will launch a lot of refis, but not necessarily a boom in housing sales. (wsj.com)
Economy
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: convenience maximalism. (abnormalreturns.com)
- I recently got a chance to talk with Dasarte Yarnway author of "Pay Me in Equity" about building our personal equity. (abnormalreturns.com)
- Investing with a conscience in a complicated world. (abnormalreturns.com)