Book notes: Risk management and lessons from The Gray Rhino: How to Recognize and Act on the Obvious Dangers We Ignore. (Reading the Markets)
Quote of the Day
"The “Panama Papers” didn’t come out of nowhere. Ever since ancient Rome imposed tax burdens on the wealthy, the wealthy have been trying to squirrel assets away from the reach of local law."
(Jason Zweig)
Markets
Strategy
Offers
- April 18th is rapidly approaching. Get TurboTax now. (amazon.com)
- Still haven't caught up with Showtime's "Billions"? Sign up for a free-trial to Showtime via Amazon. (amazon.com)
- The Amazon Fire is $15 off. Get one now. (amazon.com)
Companies
Finance
- Yale has made out on its VC investments. (bloomberg.com)
- On the potential for social trading platforms. (cnbc.com)
- Are bond index funds to blame for the rise in (troubled) energy bonds? (bloomberg.com)
Funds
- John Rekenthaler, "In many respects, Sequoia’s swoon represents the passing of an era." (news.morningstar.com)
- The rise of passive is changing how investors choose active managers. (ft.com)
- Active management is far from dead. (econompicdata.blogspot.com)
- Everything you need to know about strategic beta funds. (news.morningstar.com)
Mac Pro
- What it's like to spend two months with the "wonderful" Mac Pro. (blogs.barrons.com)
- Check out the Mac Pros on Amazon here: (amzn.to)
Earlier on Abnormal Returns
- Podcast links: Fios failings. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- A rating system for ETFs: an excerpt from Eric Balchunas' "The Institutional ETF Toolbox." (abnormalreturns.com)
- A new Essential Listening is up with episodes on short selling, Elon Musk and RFD-TV. (blogs.cfainstitute.org)