Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why you can choose not to play the alpha game.

Quote of the Day

"The point of investing isn’t to pick the next big winner. Rather, the point is to achieve crucial goals like paying for the kids’ college and our own retirement—and we put those goals at risk every time we make a big investment bet."

(Jonathan Clements)

Chart of the Day

The sub-$150,000 new home has virtually disappeared.