Quote of the Day
"Being courageous as an investor does not to mean going all out and speculating in derivatives and things you do not understand."
(Vishal Khandelwal)
Chart of the Day
Historically bad quarters have led to better returns down the road.
Finance
- A lot of big bank stocks are trading at single digit P/Es. (marketwatch.com)
- Vanguard is paying a fine related to its TDF issues. (investmentnews.com)
Startups
- The startup funding slowdown is finally showing up in the numbers. (nytimes.com)
- 409A valuations are set to start coming down. (theinformation.com)
- The federal government has stopped funding moonshots, how startup can fill the gap. (notboring.co)
Dogs
- It's hard to find someone to dog sit this summer. (wsj.com)
- More dogs make for safer neighborhoods. (sciencedaily.com)
- How dogs make your life better. (wapo.st)
Economy
- Weekly initial unemployment claims have stopped going down and have picked up. (calculatedriskblog.com)
- Job openings are falling but from very high levels. (bonddad.blogspot.com)
- There are not many signs of weakness in the labor economy. (bloomberg.com)
- Don't kid yourself, crude oil prices have been rising for two years now. (econbrowser.com)
- How consumer sentiment bottoms. (ritholtz.com)
Earlier on Abnormal Returns
- Longform links: chasing other people's paths. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: becoming wealthier. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)
