Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at the importance of staying off the hedonic treadmill.

Quote of the Day

"I have long argued that the most important lesson of “financial literacy,” one that is never taught in any “financial literacy” classes, is: If I offer you a 20% annual risk-free return, am I lying? The answer is yes, of course."

(Matt Levine)