Book review: Smarter Faster Better: The Secrets of Being Productive in Life and Business by Charles Duhigg builds on his previous work. (Knowledge@Wharton)
Quote of the Day
"My advice is that if you have an investment thesis that leads you to buy the stock, do so and stop worrying about what the talking heads on CNBC or Bloomberg tell you about it. If you have so little faith in your reasoning that you doubt it and are ready to abandon it the moment it is contested by a big name, you should consider investing in index funds instead."
(Aswath Damodaran)
Strategy
- There is always another 'train' in the markets. (howardlindzon.com)
- Does your fund manager do proprietary research? (blogs.cfainstitute.org)
- Eleven signs you own the right portfolio. (jonathanclements.com)
Offers
- Who doesn't like to laugh? Then sign up for a free trial to SEESO 'where the best comedy lives.' (amazon.com)
- Angela Duckworth's "Grit: The Power of Passion and Perseverance" for free. (amazon.com)
- Sonos speakers don't often go on sale. Now they are: (amazon.com)
Companies
- T-Mobile ($TMUS) wants to give its customers a share of stock. (washingtonpost.com)
- A sum-of-the-parts analysis of Old Mutual PLC. (valueandopportunity.com)
- Investment banks keep adding "perks" to keep harried bankers on board. (qz.com)
Hedge funds
- There is a huge mismatch between what investors expect and what hedge fund managers actually return. (businessinsider.com)
- Activist investors are now targeting REITs. (nytimes.com)
Funds
- iShares cannibalized its own ETFs and won in the process. (etf.com)
- There is no such thing as truly "passive" target-date fund. (news.morningstar.com)
Economy
- How the June NFP report put off a Fed rate hike until September. (economistsview.typepad.com)
- The US jobs slump started a while ago. (bloomberg.com)
- The dangers of playing with protectionist fire. (tonyisola.com)
- James Mackintosh, "Investors who give up their pretensions to know where the economy is going can find ways to construct sensible portfolios." (wsj.com)
Earlier on Abnormal Returns
- Startup links: invention time. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Carl Richards had some nice things to say about our 10:10 Campaign. (behaviorgap.com)
- There's a bunch of ways to support Abnormal Returns. Check out these affiliate offers. (abnormalreturns.com)
Mixed media
