The Takeaway: Are you ready for the REITnado?

Portfolio

Focus on performance, not celebrating your investing philosophy.  (Abnormal Returns)

Jeremy Schwartz (WisdomTree) weighs in on the Japan trade.  (WisdomTree)

Yo, where are the earnings?  (Financial Times)

“PowerShares may not be smart at indexing, but they are smart at marketing.”  (Rick Ferri)

The Biz

Three massive private Real Estate Investment Trusts merging to form a mega $3.5 billion REITnado.  (Investment News)

Knut Rostad on Wall Street’s surprising fiduciary admission.  (Scholarly Financial Planner)

Less is still more, same as it ever was.  (Research Puzzle)

FINRA is concerned there might be too much communication between sell-side analysts and pre-IPO companies.  (Dealbreaker)

Outliers

Bill Ackman: Everything’s fine, shut up you guys.  (Business Insider)

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Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for informational purposes only, nothing here should ever be construed as investment advice or a solicitation to trade any securities. Mr. Brown or his firm may be long or short securities mentioned above for client or personal accounts at any time.