You can keep up with all of our posts by signing up for our daily e-mail. Thousands of other readers already have. Don’t miss out!

Quote of the day

Martin Wolf, “Almost nothing in economics is more important than thinking through how companies should be managed and for what ends. Unfortunately, we have made a mess of this. That mess has a name: it is “shareholder value maximisation.”  (FT)

Chart of the day

SPX_0814

This bull market is 2000 days old and has survived any number of calamities.  (Scott Krisiloff)

Markets

Industrials have been underperforming all summer.  (Humble Student)

We should not be surprised that different sectors shine at different times.  (Crossing Wall Street)

Strategy

On the attraction of “behemoth stocks.”  (Aleph Blog)

A simple switching model between value and momentum.  (Alpha Architect)

Risk control vs. risk avoidance.  (A Wealth of Common Sense)

Seasonality is a secondary indicator.  (Andrew Thrasher)

Active vs. passive

Active vs. passive is the wrong question: cost is what matters.  (Rekenthaler Report)

The active vs. passive debate has become tiresome.  (Capital Spectator)

Companies

Microsoft ($MSFT) is becoming a mobile app maker.  (Quartz)

Apple ($AAPL) is talking about building a big *ss iPad for 2015.  (Bloomberg also Recode)

Are we thinking about Amazon ($AMZN) the wrong way?  (stratechery)

Why everyone is seemingly to high on Mobileye ($MBLY).  (Quartz, Business Insider, Marketwatch)

VC

Online storage , a la Dropbox, is now essentially free.  (Wired)

SnapChat has reportedly scored financing at a $10 billion valuation.  (WSJ)

An interview with noted VC Bill Gurley.  (Eric Jackson)

Finance

Finance is filled with people with “awful track records.”  (Morgan Housel)

Why it is not surprising that Canada will be the home of the new Burger King ($BKW).  (Dealbook, Wonkblog)

Nontraded REITs are likely to see some restrictions on their sale.  (WSJ)

ETFs

Comparing the large cap ETFs.  (ETF)

Global

China is full up with grain crops.  (WSJ)

Economy

Why the current economic recovery could have some room to run.  (Pragmatic Capitalism)

Earlier on Abnormal Returns

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

Mixed media

Six things to do in your early 20’s.  (Millenial Invest)

Can a sports team have too much talent?  (Well)

On the value of a personal blog.  (A VC)

You can support Abnormal Returns by visiting Amazon or follow us on StockTwits, Tumblr 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.