Review: The Fix: How Bankers Lied, Cheated and Colluded to Rig the World’s Most Important Number by Liam Vaughan and Gavin Finch is a “riveting tale of illegal behavior.” (Reading the Markets)
Quote of the Day
"There’s a great deal of literature about the “small cap premium.” Frankly, I’m pretty skeptical that it truly exists. Even if it does, it appears to be quite small and highly volatile. The data shows that small-caps have underperformed for several years at a time."
(Eddy Elfenbein)
Chart of the Day
Yikes. Small business hate online lenders, relatively speaking. (chart via FRBNY)
Markets
- 20 years in: how have TIPS done as an asset class? (beta.morningstar.com)
- In search of the market portfolio. (pensionpartners.com)
Strategy
- Why you need to understand power laws for investing and life. (wilowallstreet.com)
- Three questions you need to ask when consuming financial media. (bloomberg.com)
Offers
- Need some new tunes? Start a free-trial to Amazon Music Unlimited. (amazon.com)
- Need a spare tablet around the house? Get Amazon's best-selling Fires for $10 to $20 off. (amazon.com)
- Start a 6 month free trial to Amazon Prime Student and get $15 off a $40 order. (amazon.com)
Companies
- How and why to buy a piece of the Atlanta Braves ($BATRK). (sumzero.com)
- IBM ($IBM) isn't dead yet. (avc.com)
- Apple ($AAPL) is going deep on health tech, including diabetes monitoring. (cnbc.com)
Funds
- Active managers underperform, blah blah blah... (blogs.wsj.com)
- How dividend recaps goose PE IRRs. (bloomberg.com)
Economy
- Weekly initial unemployment claims are still at low levels. (calculatedriskblog.com)
- Retail employment is bad and getting worse. (strategy-business.com)
- A Q1 review of ten economic questions for 2017. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Startup links: 2037's Amazon. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: egregiously priced index funds. (abnormalreturns.com)
- My most recent post at the Enterprising Investor: "Keep ETFs Weird." (blogs.cfainstitute.org)
- A Q&A with Jonathan DeYoe author of "Mindful Money: Simple Practices for Reaching Your Financial Goals and Increasing Your Happiness Dividend." (abnormalreturns.com)
