Quote of the Day
"The goal of knowing about narrative fallacy is not to stop enjoying stories. It’s to recognize them for what they are – simplified versions of a complex reality."
(Vishal Khandelwal)
Chart of the Day
Bank stocks did not do well while the Fed was raising rates. (chart via YCharts)
Strategy
- On the strange math of stock returns. (fortunesandfrictions.com)
- Betting on smart beta has generally not worked out well for investors. (morningstar.com)
Companies
- Uber ($UBER) is making progress towards becoming a 'super-app.' (on.ft.com)
- A Q&A with Duolingo ($DUO) CEO Luis Von Ahn. (sherwood.news)
- CEOs are all over LinkedIn. (sherwood.news)
Finance
- The hidden costs of options trading are real. (allstarcharts.com)
- Visa ($V) dominates debit card transaction processing. (axios.com)
ETFs
- Low vol ETFs have plodded along. (morningstar.com)
- The Texas Capital Government Money Market ETF ($MMKT) has launched. (fa-mag.com)
- A lot of active ETFs have launched, not many will survive. (morningstar.com)
Economy
- Mortgage refinancing applications are on the rise. (sherwood.news)
- The number of existing homes for sales keeps rising. (bonddad.blogspot.com)
- The American consumer is still bummed out. (sherwood.news)
- An East Coast dockworker strikes seems increasingly likely. (axios.com)
Earlier on Abnormal Returns
- Personal finance links: assessing your financial situation. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (cbsnews.com)
- Research links: making things riskier. (abnormalreturns.com)
- The investment world was a different place when Josh Brown started writing. In "You Weren't Supposed to See That" he takes a look back. (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)
