Quote of the day
Morgan Housel, “The Federal Reserve might be the most powerful institution in the world. If you’re an investor, ignore it. ” (Motley Fool)
Chart of the day
BKLN Total Return Price data by YCharts
Investors can’t get enough bank loan funds. (Income Investing also M*)
Markets
Gold is still in a downtrend. (Bonddad Blog)
How Fed uncertainty is affecting Treasury yields. (MoneyBeat)
A real gender gap: investing confidence. (Money & Co.)
Strategy
The best investors are process oriented not outcome oriented. (Big Picture)
How to monitor your investments effectively. (StockCharts Blog)
Why individual investors need to have a written investment policy. (Humble Student)
Nine ways to simplify your financial life. (Time)
Apple
Why one user is sticking with Apple ($AAPL). (SplatF)
Why the iPhone is awesome: Google apps work best on it. (Quartz)
Hedge funds
How Robert Citrone’s hedge fund made money this year. (WSJ)
One of the world’s oldest commodity hedge funds is closing. (FT)
Why hedge funds hate the Fed. (Zero Hedge)
Funds
Tactical funds, the darling of the post-crisis era, are lagging. (WSJ)
Investors are now pouring money into equity mutual funds. (Bloomberg, Buttonwood)
Finance
New Zealand sets a big IPO of a power generator. (Dealbook)
Why have catastrophe bonds done so well post-crisis? (Quartz)
Economy
Warren Buffett on Ben Bernanke and the world’s greatest hedge fund. (Bloomberg)
Why so many investors have a hard time understanding QE. (Turnkey Analyst)
Four things I got wrong. (Pragmatic Capitalism)
Rail traffic was pretty good in August. (Calculated Risk)
Building a new coal plant has now become much more difficult. (The Daily Beast, Wonkblog)
Earlier on Abnormal Returns
What you may have missed in our Thursday linkfest. (Abnormal Returns)
Mixed media
Sharon Waxman, “The lesson seems to be: own your brand. Have equity in your site.” (The Wrap, Pando Daily)
The benefit of good teachers lasts a long time. (Real Time Economics)
Marathons are turning into “parades.” (WSJ)
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