Book notes: Five ways your brain fools you. Insights from Dean Burnett’s The Idiot Brain: A Neuroscientist Explains What Your Head is Really Up To. (National Post)
Quote of the Day
"If abnormally low interest rates are the reason you think the stock market is overvalued, then shorting bonds seems to be a much better idea than shorting stocks."
(The Brooklyn Investor)
Markets
- We are truly living in the digital age. (howardlindzon.com)
- High yield bonds and crude oil have disengaged. (macro-man.blogspot.com)
- Checking in on some estimated major asset class risk premia. (capitalspectator.com)
Strategy
- Should you expect an actual return with the risk-free rate? (pragcap.com)
- Happy fifth blogiversary to Robert Seawright at the Above the Market blog. (rpseawright.wordpress.com)
Offers
- MODERN TRADER Magazine—the essential journal for professional traders and active investors. Special Subscription Offer! (moderntrader.com)
- Mesh wi-fi is the new start of the art for home wireless internet. Check out eero now: (amazon.com)
- Adding a video subscription, like Showtime, Starz or SEESO, to your Amazon Prime account is simple. (amazon.com)
Companies
- Why Salesforce ($CRM) bought Quip. (businessinsider.com)
- Why Apple ($AAPL) wants you to think about the iPad Pro as a computer. (techcrunch.com)
- Microsoft ($MSFT) under Satya Nadella is a different company. (next.ft.com)
- Why pizza chains are leading the restaurant pack. (bloomberg.com)
Finance
- Bill Ackman won a moral victory over Herbalife ($HLF). (nytimes.com)
- Why can't Harvard University get its endowment management right? (awealthofcommonsense.com)
Global
- Canada's economy is sluggish. (business.financialpost.com)
- Why tech companies can't seem to make it in China. (latimes.com)
Economy
- Businesses lowered inventories. When will they reverse? (bloomberg.com)
- 8 thoughts on why US economic growth is so slow. (vox.com)
Earlier on Abnormal Returns
- Startup links: good ideas are scarce. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in July 2016. (abnormalreturns.com)
