Book list: The 15 finalists are in for the FT/McKinsey Business Book of the Year Award including Superforecasting: The Art and Science of Prediction by Philip Tetlock and Dan Gardner. (FT)
Quote of the Day
"Capitalism doesn't favor groupthink. It can tolerate it for a while, but just barely. When large groups of people start marching in the same direction, disappointment isn't far behind."
(Morgan Housel)
Markets
- Stocks do best when TIPS yields are the lowest. (crossingwallstreet.com)
- Stock correlations are on the decline. (online.barrons.com)
- MLPs are not a bond substitute but do look attractive relative to equities. (sl-advisors.com)
Strategy
- Now is a great time to do a pre-mortem on your portfolio. (blogs.wsj.com)
- Good investing doesn't make for good television. (washingtonpost.com)
- 12 investing lessons from Peter Lynch. (investingcaffeine.com)
Companies
- Alphabet/Google ($GOOGL) is a lot of things but it isn't a Berkshire ($BRKB) clone. (bloombergview.com)
- The case for Potash ($POT) stock. (online.barrons.com)
- The debate about Amazon ($AMZN) as a place to work. (recode.net)
Offers
- Barack Obama took a handful of books on his vacation including "The Sixth Extinction" by Elizabeth Kolbert. (amzn.to)
- Like stocks? Like startups? Then the 4th annual Stocktoberfest, October 18-20th, 2015 in sunny Coronado, California is for you. There are still some Early Bird Tickets available. Don't miss out! (stocktoberfest.co)
Economy
- What CEOs said about the economy this week. (avondaleam.com)
- Why labor markets are likely to be tight for a decade. (csen.tumblr.com)
- Publicly traded restaurant companies are experiencing labor cost pressures. (barbariancapital.net)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you may have missed in our Saturday linkfest. (abnormalreturns.com)