Quote of the day

Ben Carson, “Investing success comes from setting reasonable expectations and anticipating the fact occasionally things won’t work out as you planned.”  (A Wealth of Common Sense)

Chart of the day


The commodity rally has reversed.  (Short Side of Long)

Video of the day

Steve Leuthold thinks the stock market is due for a correction.  (Wealthtrack)


One thing that could derail stocks is an EPS scare.  (Humble Student also FT)

Where money flowed in Q2, including Spain and India.  (Irrelevant Investor)

Investors love the chase.  (Investing Caffeine)


Why returns matter: increasing longevity.  (Systematic Relative Strength)

A nice review of Cullen Roche’s Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance.  (A Wealth of Common Sense)

Barry Ritholtz interviews Jeff Gundlach of Doubline Capital.  (Bloomberg View)


Platform monopolies aren’t surprising. What it is surprising is how they get disrupted.  (A VC)

Google ($GOOG) and Alibaba are so much larger than their national counterparts.  (Quartz)

On the prospects of a Yahoo ($YHOO)-AOL ($AOL) deal.  (Recode)

Does anyone outside of Silicon Valley want a smartwatch?  (Kevin Roose)

Why is Amazon ($AMZN) pushing the drone delivery story?  (Quartz)


KKR ($KKR) is pushing further into hedge funds.  (WSJ)

Wall Street trading floors are getting depopulated.  (WSJ)

How to fix the credit rating system.  (Bloomberg)

Finance is a hierarchy. What if it looked more like a network?  (Points and Figures)

TED, “The wisdom of crowds in the market, as everywhere else, does not arise from the wisdom of each and every member of the mob. It comes from the of idiotic, ill-considered, and just plain dumb opinions held by everybody…”  (The Epicurean Dealmaker)


An interview with Jon Stein CEO of online advisor Betterment.  (ETF)

Now offline advisors have some help to go up against robo-advisors for younger investors.  (TechCrunch)

Fidelity wants to expand its access to IPOs for its brokerage customers.  (Boston Globe)


Is there any value left in emerging market bonds?  (beyondbrics)


On the looming pilot shortage.  (The Atlantic)

Earlier on Abnormal Returns

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

Mixed media

You can’t think yourself into new and better habits.  (TraderFeed)

You can be too talented for your job if you can’t collaborate and communicate.  (Time)

Why you should turn on two-factor authorization for your important online accounts.  (WSJ)

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

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.