Must Reads of the Week – November 7, 2018

Must Reads of the Week

Our favorite reads of the week and the quotes that make them worthy…

“That now usually will mean seeking out a fund whose management team has remained essentially unchanged for more than 10 years—because they have managed a portfolio of small-caps through a full market cycle, and may be better at anticipating changes and navigating them.”
A Reality Check for Small-Stock Investors by Suzanne McGee | The Wall Street Journal

“While there is no single indicator that can predict market turns on its own, here are six things analysts and investors are watching to see if the next bear market, typically defined as a 20% decline from a recent peak, is around the corner.”

Predicting the Next Bear Market In Six Charts by Riva Gold | The Wall Street Journal

“When the McRib is available, the S&P 500 has an average daily return about 7 basis points (0.07%) higher than on days when it is not available. To put that into perspective, when annualized, that difference would be 19% every year.”
The McRib Effect by Nick Maggiulli | Of Dollars and Data

“The list holding them back is a long one — student loans, low wages, rent, the high cost of avocado toast, and the desire to actually enjoy their youth.”
Tiny Improvements, Big Results by Ben Carlson, CFA | A Wealth of Common Sense

“Besides overseeing a third of Bridgewater’s investment professionals, Karniol-Tambour is one of only about a dozen people with full knowledge of Bridgewater’s secretive investment process.”
Bridgewater’s New Brain: A Millennial Woman Is Blazing To The Top Of The World’s Largest Hedge Fund by Nathan Vardi | Forbes

“His lasting contribution from this period is the so-called Volcker Rule, which bars traders from taking risky positions with depositors’ funds, and which he summarizes as ‘Thou shall not gamble with the public’s money.”
Paul Volcker’s Guide to the Almighty Dollar by Charles R. Morris | The Atlantic

“Of course many were in his place — and very few acted like Sugihara. Moral courage is rare and moral greatness even rarer.” 
The Japanese Man Who Saved 6,000 Jews With His Handwriting by David Wolpe | NY Times

“Net buybacks in the month totaled just $12 billion by Oct. 19, but jumped to $39 billion by Oct. 29, according to estimates from JPMorgan Chase & Co.”
Corporate Buybacks Return, Supporting Market by Avantika Chilkoti | The Wall Street Journal

“And then you have these stars that have decided to move in the opposite sense. That hints that these stars could not have been formed in the Milky Way.”
The Galactic Collision That Reshaped Our Milky Way by Shannon Hall | Scientific American

“A wave of stock-picking firms are stepping up their fight against cheap exchange-traded and index funds with new offerings that dial back fees if they can’t beat the market.”
New Funds Take Pay Cut If They Can’t Beat the Market by Justin Baer | The Wall Street Journal