Book notes: Richard Thaler talks markets, efficient markets and his new book: Misbehaving: The Making of Behavioral Economics. (Yahoo Finance)
Quote of the Day
"Wall Street needs Silicon Valley more than the other way round."
(John Gapper)
Names
- 13 stocks that appear on Goldman Sachs ($GS) list of "stocks that matter most to hedge funds." (blogs.wsj.com)
- Lumber Liquidators ($LL) plunges on the resignation of the company's CEO. (nytimes.com)
Strategy
- Diversify widely. Avoid the smart beta hype. (blogs.cfainstitute.org)
- Your investing needs will not stand still. (alphabaskets.com)
Finance
- Goldman Sachs ($GS) keeps building out its technology cred. (qz.com)
- The big pension funds are so oversidiversified they don't understand all the risks they are taking. (institutionalinvestor.com)
- Running down the banks big forex fixing fines. (bloombergview.com)
ETFs
Economy
- Why yesterday's housing data was so important. (bonddad.blogspot.com)
- Weekly initial unemployment claims are at levels not seen since 2000. (calculatedriskblog.com)
- There's no such thing as a normal economy. (arnoldkling.com)
Earlier on Abnormal Returns
- Longform links: a general as penny stock promoter. (abnormalreturns.com)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)