Pre-order alert! Patrick O’Shaughnessy’s Millennial Investing: How Young Investors Can Build a Fortune and Gary Antonacci’s Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk are coming soon.
Quote of the day
Barry Ritholtz, “Sentiment is extremely difficult to use as an indicator because it is only rarely at the extreme readings needed to generate a reliable trading signal.” (Bloomberg View)
Chart of the day
Check out the decline in NYSE trading volume over the past decade. (@Vconomics)
Strategy
Is it worth trying to combine value and momentum? (Optimal Momentum)
Are you a nerd or a jock when it comes to investing? (Brian Portnoy)
Do you really have an innovative approach to the market? (A Wealth of Common Sense)
You are in all likelihood a saver not an investor. (Pragmatic Capitalism)
Companies
How to fix Darden’s ($DRI) Olive Garden in 300 slides. (WSJ)
Three stocks that are cheaper than normal. (Millennial Invest)
The industries most plagued by uncertainty. (HBR)
Apple
Why Apple’s ($AAPL) timing for Apple Pay is perfect. (Pando Daily)
Apple’s moat just got a lot wider. (Vitalily Katsenelson)
Wireless charging still doesn’t work all that well. (Bits)
Finance
Activist investors are raking in the assets. (WSJ, Dealbreaker)
LBOs that are getting done are going through with steep multiples. (Sober Look)
Expectations for Alibaba ($BABA) are really high. (Fortune)
Funds
Josh Brown, “Actively managed international stock funds are every bit as unlikely to consistently outperform as their US counterparts.” (The Reformed Broker also Focus on Funds)
ETF statistics for August 2014. (Invest with an Edge)
Global
The upside of an independent Scottish economy. (Justin Fox)
Grain stores at are a decade-high. (FT)
Economy
Why the US dollar is on the rise. (Business Insider)
Retail sales in August were strong. (Capital Spectator)
On the prospects for America’s “missing workers” to come back. (Wonkblog)
Earlier on Abnormal Returns
Podcast Friday featuring Peter Thiel. (Abnormal Returns)
What you might have missed in our Thursday linkfest. (Abnormal Returns)
Mixed media
The downside of hiring a rich kid as an intern. (NY Observer)
Attention is gained slowly and lost quickly. (Lefsetz Letter)
Some great advice for your kids. (The Week)
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