Wednesday links: the get-rich quick fallacy

Markets

• On the dangers of assuming market "normalcy." (pensionpartners.com)
• Wealthy investors are holding a ton of cash. How can they put it work? (barrons.com)

Strategy

• How things begin and end have a big effect on how we perceive them, especially in the case of markets. (ofdollarsanddata.com)
• The big question for value investors: how to deal with the big tech companies. (thefelderreport.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. (facebook.com)

Crypto

• Bitcoin is more like gold, than currency. (bloomberg.com)
• The media has not served investors well when it comes to cryptocurrencies. (blogs.cfainstitute.org)

Companies

• Scandals aside, Facebook ($FB) is more valuable than ever. (vanityfair.com)
• Tiger Global has taken a big stake in Softbank due in part to its stake in Alibaba ($BABA). (ft.com)

Funds

• Despite doing due diligence, active management shops will always be opaque. (behaviouralinvestment.com)
• What you need to know about Qualified Opportunity Funds. (morningstar.com)

Economy

• Housing is a lot less affordable than it was five years ago, but nowhere near the peak of the bubble. (calculatedriskblog.com)

Earlier on Abnormal Returns

• Personal finance links: the meaning of money. (abnormalreturns.com)
• What you missed in our Tuesday linkfest. (abnormalreturns.com)
• Research links: overcrowded factors. (abnormalreturns.com)

Mixed media

• Evidence that America's cultural divide keeps widening. (washingtonpost.com)
• We are now in the age of "floating transport." (medium.com)
• You are likely going to lose a bunch of Twitter followers. (slate.com)