Quote of the day
John Authers, “(T)here is a concerted attempt to prove that CAPE cannot be trusted. This might lead to useful fine-tuning of an important measure. But it could also delude investors into ignoring an important signal that stocks are overvalued.” (FT)
Chart of the day
Real, real returns matter. (Thornburg Investments via The Idea Farm)
Strategy
Welcome to the worst year of the Presidential election cycle. (All Star Charts)
Your doing it wrong. Many funds are benchmarked incorrectly. (Pragmatic Capitalism)
Why investors should keep a trading log. (See It Market)
What to do with a sudden windfall? (Vanguard Blog)
When Google ($GOOG) changes Gmail, marketers take note. (WSJ)
Google’s ‘20% time’ policy is dead. (Quartz)
Hedge funds love Google. (Insider Monkey)
Finance
Activist investors should stick to things they know about. (James Surowiecki)
Hedge fund investors are talking their books even more. (Unexpected Returns)
Funds
Do individual investors know what they are getting in alternative investment mutual funds? (WSJ)
Emerging market dividend growth ETFs are now a thing. (TheStreet)
Jeff Gundlach is getting into the enhanced indexing game with The DoubleLine Shiller Enhanced CAPE Fund. (InvestmentNews)
Global
The Indian economy is ‘miserable’ at the moment. (FT Alphaville, Reuters, Sober Look)
The Dutch have their own home mortgage problem. (MoneyBeat)
Economy
The end of Fed asset purchases is in sight. (Tim Duy)
New housing starts have a ways to go. (ValuePlays)
Why US farmland prices are rising: cheap credit and high incomes. (WSJ, FT, Big Picture Ag)
Top economics programs are not as good as you think. (Economic Logic via EV)
Earlier on Abnormal Returns
Investment philosophies: maximize or satisfice? (Abnormal Returns)
What you may have missed in our Thursday linkfest. (Abnormal Returns)
Mixed media
Why there will never be a successful financial advisor review site. (Nerd’s Eye View)
Another sign your car is just a big rolling computer. (GigaOM)
College football is running into an attendance problem. (Time)
Private equity is warming to the microbrewers. (BuzzFeed Business)
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