Quote of the Day
"The bias in golf commercials (which is mostly drivers) reminds me of financial commercials (which are mostly trading). 85%-90% of your shots in a round will not be driver. But golf companies (and finance firms) sell you the sexy option, not the boring high percentage play."
(Cullen Roche)
Strategy
- Ben Carlson, "You don’t have to manage millions or billions of dollars to succeed as an investor." (awealthofcommonsense.com)
- How to generate income by selling non-dividend paying shares. (rationalwalk.com)
- Rising passive management should help active managers, but will it? (evidenceinvestor.com)
Policy
- Why Stanley Fischer has such an outsized influence on central bankers. (ft.com)
- The EPA's purview has increased but staffing has not. (grist.org)
- Here's hoping anti-immigrant sentiment has peaked. (danieldrezner.substack.com)
- The Affordable Care Act is no longer a campaign issue. (semafor.com)
- Detroit wants to implement a land-value tax. (wsj.com)
- Public libraries are about more than books these days. (nytimes.com)
Economy
- The economy is walking a fine line between too hot and just right. (tker.co)
- Mortgage rates have moved back up near 7%. (axios.com)
- The economic schedule for the coming holiday-shortened 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)
- Congrats to Ben on ten years of 'A Wealth of Common Sense.' (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)
