Quote of the day
Kent Thune, “Working until you die can be a gift of a lifetime if your work is meaningful.” (Big Picture)
Chart of the day

IBB Total Return Price data by YCharts
Biotech: bubble, not a bubble? (Compounding my Interests, TRB)
Markets
Signs that small investors are jumping back into the game. (WSJ)
The number of truly expensive stocks in the Russell 1000 is on the rise. (FT)
Kopin Tan, “Why has the universe of investible U.S. stocks shriveled so? ” (Barron’s)
Industrial metals have been lagging. (The Short Side of Long)
The days of $2-$3 natural gas are over. (Sober Look)
Strategy
Are value investors born that way? (Jason Zweig)
Why high-income investors most of all should preserve “investment bandwidth.” (Oblivious Investor)
Is there really an ‘optimal portfolio‘? (Canadian Couch Potato via Monevator)
Barry Ritholtz, “Focusing on your investment process, and not the outcome, should be your goal.” (Washington Post)
Apple
Apple ($AAPL) only buys companies it can integrate. (Daring Fireball)
Apple is building a business right in front of our very eyes. (Business Insider)
Why developers are still iOS-first. (Techland)
WhatsApp timed its sale to Facebook ($FB) perfectly. (Hamish McKenzie)
Is WhatsApp at risk of being unbundled itself? (Benedict Evans)
Finance
Equity trading costs are on the rise. (MoneyBeat)
Why “finance pros are also streaming to tech..” (Kevin Roose)
One of America’s hottest startups is not a technology company. (MoneyBeat)
Funds
Young, fresh mutual funds tend to outperform. (Mark Hulbert)
Why ETF closings are good for the industry. (Invest with an Edge)
Five bond fund myths deflated. (WSJ)
Global
Four signs of a slowdown in China. (Sober Look)
Economy
How big a deal has the weather been on the economic stats? (Business Insider)
Why you should take economic forecasts with a big grain of salt. (FT Alphaville)
Tyler Cowen, “If you are going to read only one book on GDP, Diane Coyle’s GDP: A Brief but Affectionate History should be it.” (WashingtonPost)
A look back at the economic week that was. (Bonddad Blog, Big Picture)
The economic schedule for the coming week. (Calculated Risk, Turnkey Analyst)
Earlier on Abnormal Returns
Top clicks this week on the site. (Abnormal Returns)
What you may have missed in our Saturday linkfest. (Abnormal Returns)
Mixed media
Why it is a good time to be a creative type. (NYTimes)
Seth Godin, “Earn trust, earn trust, earn trust. Then you can worry about the rest.” (Seth Godin)
Do Coke ($KO) or Pepsi ($PEP) have a handle on the soda issue? (Wonkblog)
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