Quote of the day
Peter L. Brandt, “I am much more interested in being profitable than in being right. ” (Peter L. Brandt)
Chart of the day

The Nasdaq is still oversold. (@jackdamn)
Markets
European markets drop while the US vacations. (Bloomberg, NYTimes)
Financial market conditions are reminiscent of 2008. (Bloomberg, Marketwatch, FT Alphaville)
The market week in review. (Global Macro Monitor, ibid)
Hedge funds got caught long as August started. (FT)
Strategy
Why it sometimes makes sense to pass on a company trading a big discount to fair value. (Frank Voisin)
Dealing with the emotional volatility of clients. (InvestmentNews)
How did trend following systems do in August? (Au.Tra.Sy Blog)
On the similarities between golf and trading. (Trade Ideas)
Companies
An Apple TV is so obvious it has got to happen. (Monday Note, TechPinions)
More mobile devices has led to more mobile OS. (Asymco)
More bankruptcies are on the horizon for tanker companies. (FT, ibid)
Finance
US money market funds continue to shun Euro banks. (FT Alphaville)
What next for the alread huge Blackrock ($BLK). (Economist)
Have target-date funds stepped up their game? (Morningstar)
Global
The ugly week ahead in Europe. (Stock Sage)
Why is South Africa’s mining sector shrinking amidst a commodities boom? (FT)
Which Chinese economic indicators are worth following. (Globe and Mail)
A look back at Mongolian mining IPOs. (beyondbrics)
The roots of the Sino-Forest mystery. (Globe and Mail)
Economy
Last week was all about data, this week is all about speeches. (A Dash of Insight)
The economic schedule for the coming week. (Calculated Risk)
On the state of California. (Money & Co., New Geography)
Mixed media
The failure to forecast: life expectancy. (Infectious Greed)
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