Wednesday links: costs and risks

Markets

• Three market trends that are hard to ignore. (crossingwallstreet.com)
• A longer term look at the slope of the yield curve. (econbrowser.com)
• The yield curve inversion story is more nuanced than you think. (theirrelevantinvestor.com)
• Don't ignore the flattening yield curve. (financialsamurai.com)
• The muni yield curve "never" inverts. (barrons.com)

Strategy

• Computers don't change how much alpha is available to active managers. (albertbridgecapital.com)
• CFA vs. CS: trends in investment management. (ftalphaville.ft.com)
• Nothing about 2018 should change your mind about factor returns. (bloomberg.com)

Support

• Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
• Love Abnormal Returns? Then like (and follow) us on Facebook. (realsmartica.com)

Companies

• Corporate fines aren't usually worth noting, but a $5 billion fine for Google ($GOOGL) might be. (theverge.com)
• Netflix ($NFLX) is facing more competition. (washingtonpost.com)

Finance

• The big private equity firms still have pricing power. (bloomberg.com)

Economy

• By this measure, US monetary policy is still pretty loose. (themacrotourist.com)
• When, if ever, will wage growth begin in earnest? (ritholtz.com)
• Why the hype around AI taking jobs is overblown. (aei.org)

Earlier on Abnormal Returns

• Personal finance links: undisclosed conflicts. (abnormalreturns.com)
• What you missed in our Tuesday linkfest. (abnormalreturns.com)
• Research links: real risk tolerances. (abnormalreturns.com)

Mixed media

• Four sites that provide unique perspectives on life and financial markets. (forbes.com)
• Your most important asset is time and how you use it. (ofdollarsanddata.com)
• Evidence is a starting point, not an ending point. (behavioralscientist.org)
• Batting averages in life are a flawed measure. (seths.blog)