Book notes

Jeremy Miller looks at Warren Buffett’s early partnership letters in Warren Buffett’s Ground Rules. (Institutional Investor)

Quote of the day

Brad Feld, “One of the biggest challenges in tech is not being right. It’s being ten or fifteen years too early.” (Feld Thoughts)

Chart of the day

Metals have been having a hey day in 2016. (Business Insider)

Markets

Is your commodity index just an oil index? (Newfound Research)

Move over the $VIX…the Investopedia Anxiety Index is here. (InvestmentNews)

Strategy

Saving more is the new alpha. (Betterment)

Things you really shouldn’t care about. (A Dash of Insight)

The Presidential election market cycle is dead. (FT)

Offers

If you’ve read Thinking Fast and Slow you will likely want to read Michael Lewis’ forthcoming The Undoing Project: A Friendship That Changed Our Minds. (amazon.com)

Try Audible.com and get two free audiobooks including the new memoir byBruce Springsteen, Born to Run. (amazon.com)

Companies

iMessage is a huge competitive advantage for Apple ($AAPL). (Daring Fireball)

Which retailers will be able to capture Millennial shoppers? (Jeff Macke)

If Jeff Bewkes is selling should you be buying? (Justin Fox)

Blackstone Group ($BX) is selling a 25% stake in Hilton Hotels. (WSJ)

Remember the documentary? SeaWorld ($SEAS) certainly does. (Sumzero)

Finance

Private equity is sitting on a load of cash. (AI-CIO)

Being a bank MD is going to get a lot less fun. (eFinancialCareers)

Funds

Eaton Vance ($EV) is getting into the SRI business with the purchase of Calvert. (Institutional Investor)

Where does the Sequioa Fund sit now? (CityWire)

Passive investors are now throwing their weight around. (WSJ)

Earlier on Abnormal Returns

Startup links: pitchforks and torches. (Abnormal Returns)

What you missed in our Monday linkfest. (Abnormal Returns)

Mixed media

The Wirecutter goes under the wing of the New York Times. (Politico)

Why you need your own ‘daily practice.’ (Adam Grimes)

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.