Quote of the day

Ben Carlson, “I don’t think there’s a one-size-fits-all strategy for every single investor out there.  It all comes down to what works best for your personality…”  (A Wealth of Common Sense)

Chart of the day

Silver doesn’t have many friends.  (Short Side of Long)

Markets

Complacency is building up in the US stock market.  (Business Insider via AThrasher)

Is the stock market more expensive than ever?  (Millenial Invest)

Not every takeover offer leads to higher prices.  (Crossing Wall Street)

Investors trying to short JGBs have been on the wrong side of the trade for decades.  (Crackerjack Finance)

Strategy

Better educated investors hold more in equities.  (Focus on Funds)

Why you should eliminate ‘hero worship‘ from your investment process.  (Kirk Report)

On the importance of consistent efforts in trading.  (SMB Training)

Why robo-advisors won’t take over the world.  (Investing Caffeine, Rick Ferri)

Companies

AT&T ($T) to buy DirecTV ($DTV).  (WSJ, Dealbook, Buzzfeed, Recode, GigaOM)

What next for Dish ($DISH)?  (MoneyBeat)

AstraZeneca ($AZN) has rejected Pfizer’s ($PFE) ‘final offer.’  (Bloomberg, Dealbook)

When, if ever, will cloud computing companies earn profits?  (The Ticker)

Apple ($AAPL) vs. Google ($GOOG): which company is more global?   (Asymco)

Why Apple should buy Hulu.  (TheStreet)

Funds

The Merk Gold Trust ETF ($OUNZ) is a gold fund with a twist.  (ETF)

Are there any reasons to pay up for a mutual fund?  (Chuck Jaffe)

Some ETFs that are stealing share from more established names.  (ETF)

Real estate

How did Vancouver become a haven for foreign buyers?  (James Surowiecki)

What is the UK going to do about its housing dilemma?  (Gavyn Davies)

Israel is dealing with its own housing bubble.  (Quartz)

Andrew Flowers, “Is this trend toward more apartment construction here to stay?”  (FiveThirtyEight)

Global

Why are investors so hot for a Modi-led India?  (Business Insider)

Checking in on global economic growth.  (Pragmatic Capitalism, Dr. Ed’s Blog)

Earlier on Abnormal Returns

Here are a slew of new podcasts worth a listen.  (Abnormal Returns)

What you may have missed in our Sunday linkfest.  (Abnormal Returns)

Mixed media

The cloud has some drawbacks. Why we may be entering the age of ‘fog computing.’  (WSJ)

How many “new apps” do you have on your phone?  (Conor Sen)

Death to Cc: and Bcc:.  (Hunter Walk)

You can support Abnormal Returns by shopping at Amazon. Don’t forget to follow us on StockTwits and Twitter.