Book review: Angela Duckworth’s Grit: The Power of Passion and Perseverance is “an inspiring book.” (Reading the Markets)
Quote of the Day
"Fintech companies have had it easy so far."
(Kadhim Shubber)
Markets
- Why does anyone still listen to Jim Cramer? (huffingtonpost.com)
- The yield on the German 10-year Bund went negative. (wsj.com)
Strategy
- Why having a well-defined investment philosophy is so important to advisors. (sellwoodconsulting.com)
- Sherlock Holmes on how to be a better investor. (fool.com)
- Stock market millionaires forge their own paths. (sparkfin.com)
Offers
- Sonos speakers don't often go on sale. Now they are: (amazon.com)
- You can sign up for an Amazon Third Party Video Subscriptions Free Trial. (amazon.com)
- Try an Audible.com trial and get two free books including "The Inevitable: Understanding the 12 Technological Forces That Will Shape Our Future" by Kevin Kelly. (amazon.com)
Companies
- The Saudi Aramco IPO "can really be thought of as an I.P.O. of the whole country." (nytimes.com)
- Twitter ($TWTR) just bought a stake in Soundcloud. (recode.net)
- Why doesn't Apple ($AAPL) have its own VC arm? (marketwatch.com)
- The case for recent spinoff Armstrong Flooring ($AFI). (stockspinoffinvesting.com)
Finance
- IEX is poised to get approval from the SEC to become a full-fledged stock exchange. (wsj.com)
- Investment banks need to become "information companies." (businessinsider.com)
- Investment bankers should always have an 'exit strategy' at the ready. (businessinsider.com)
Funds
- Not so fast. China A-shares will NOT be included in MSCI indices any time soon. (bloomberg.com)
- ETF statistics for May 2016. (investwithanedge.com)
- Factor ETS are the future. (next.ft.com)
Discounts
- Amazon Fire 7" Tablets are currently $10 off, starting at $39.99. (amazon.com)
- The Amazon Kindle and Kindle Paperwhite are currently $20 off. (amazon.com)
Economy
Earlier on Abnormal Returns
- Personal finance links: the reality of money. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- John Oliver on the scandal of today's expensive (and complicated) 401(k) plans. (abnormalreturns.com)