Quotes of the day
Gatis Roze, “Investors don’t earn the right to use intuition in their trading until they’ve been investing for decades, not years. All others must stick to their methodologies and learn how to execute these consistently and profitably.” (StockCharts) and
Joshua Brown, “Many people believe they can be like Soros, and some will point to their process as proof of their seriousness. Unfortunately, merely showing up each day and being diligent in the execution of a process won’t make them the next world-beating macro player.” (The Reformed Broker)
Chart of the day
Check out the reversal in corn. (Afraid to Trade also StockCharts Blog)
Markets
Two reasons to be bullish. (Carson Dahlberg)
The market is missing a key factor for a big blowup. (Business Insider)
Are there legitimate reasons for the market’s high CAPE reading? (Robert Shiller)
Closed-end bond funds are getting cheaper. (Focus on Funds)
Gold is pretty oversold. (Short Side of Long)
Strategy
Do investors really need standalone alternative strategies in their 401(k) plans? (Jason Zweig also Bloomberg)
Don’t believe everything you read about George Soros’ portfolio. (A Dash of Insight)
Single-factor traders are often doomed. (TraderFeed)
The best traders are agnostic about the news. (A Dash of Insight)
On the danger of taking stock tips. (Aleph Blog)
IPOs
Online retailer Wayfair has filed for an IPO. (TechCrunch, WSJ)
Small business lender OnDeck Capital is gearing up for a public offering. (Inc.)
Companies
What is Coca-Cola ($KO) doing with Monster Beverage ($MNST)? (WSJ, Breakingviews)
One last look at the Kinder Morgan ($KMI) roll-up. (MLP Guy also Barron’s, WSJ)
ETFs
Eight lessons learned about ETFs (and investing). (Brendan Conway)
Performance chasing by fund managers doesn’t work. (Rekenthaler Report)
Global
China’s rich are increasingly look to emigrate. (WSJ)
Society
Why are Americans “feeling so meh“? (The Reformed Broker)
Twelve great reasons why it is a great time to be alive. (Rational Optimist via Carpe Diem)
Economy
Why universities are willing to countenance grade inflation. (voxEU)
A look back at the economic week that was. (Bonddad Blog, Big Picture)
The economic schedule for the coming week. (Calculated Risk)
Earlier on Abnormal Returns
Top clicks this week on the site. (Abnormal Returns)
What you might have missed in our Saturday linkfest. (Abnormal Returns)
Mixed media
How to look smart. (Marginal Revolution)
In search of “negative maintenance” colleagues. (Feld Report)
Ira Boudway, “Baseball’s future is in small, local, and cheap.” (Businessweek)
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