Quote of the Day
"The most successful investors tend to be expert communicators, because you have to compel your investors to stick with you during inevitable times of underperformance."
(Morgan Housel)
Chart of the Day

Equity risk premium models differ, but they all point lower.
Strategy
- Better investing comes from better decision making. (ritholtz.com)
- Quant strategies are not free from human input. (blog.validea.com)
- The only way to learn about investing is actually putting money on the line. (flyoverstocks.com)
- Expertise does not shield you from failure. (portfoliocharts.com)
Finance
- Zero-day options are coming to Europe. (ft.com)
- Good luck calculating the returns to venture capital. (morningstar.com)
- The SEC is set to expand reporting requirements for PE and hedge funds. (wsj.com)
IPOs
- The Vinfast ($VFS) 'IPO' has been crazy. (ft.com)
- Instacart and Arm Holdings are the first big IPOs coming this fall. (news.crunchbase.com)
- A look Arm Holding's long list of underwriters. (ft.com)
Economy
Earlier on Abnormal Returns
- Personal finance links: the myths of aging. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: investment time horizons. (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)