Quote of the day
Bill McBride, “Right now 2014 is on pace to be the best year for both total and private sector job growth since 1999.” (Calculated Risk)
Chart of the day
Twitter ($TWTR) has a more valuable stock to do deals with. (Recode)
Strategy
Is Warren Buffet a closet macro investor? (Pascal-Emmanuel Gregory)
Investors should be thinking differently about dividends. (Morgan Housel)
Successful traders focus on losing well. (Crosshairs Trader)
Companies
An in-depth look at Wayfair ($W). (Greg Bettinelli via @howardlindzon, Recode)
Dow Chemical ($DOW) continues to slim down. (Dealbook)
Why supermarkets are in trouble. (Washington Post)
Finance
Calpers isn’t done with “high fee” private equity funds. (The Upshot)
Insurgents aside, technology is not going to kill the big banks just yet. (FT)
ETFs
ETF fees add up. Keep them as low as possible. (ETF)
Costs matter more in a low nominal return world. (A Wealth of Common Sense)
Global
Why oil prices are sagging. (Wonkblog)
Economy
The September non-farm payrolls report shows continued strong jobs growth. (Calculated Risk, Capital Spectator, Quartz, Bonddad Blog)
The unemployment rate has fallen faster, earlier, than the Fed forecasted. (John Hilsenrath)
Uber, and their ilk, depend on a ready pool of available workers. (Bloomberg View)
Earlier on Abnormal Returns
A Q&A with Joshua Brown of Ritholtz Wealth Management a on the launch of Liftoff. (Abnormal Returns)
Is there a contradiction between advice telling us to save vs. invest in ourselves? (Abnormal Returns)
Podcast Friday features a talk with Scott Adams of Dilbert fame. (Abnormal Returns)
What you might have missed in our Thursday linkfest. (Abnormal Returns)
Mixed media
When simple heuristics beat sophisticated models. (Justin Fox)
What things do you believe that others don’t? (Millennial Invest)
Is the iPhone 6 Plus too big? (Business Insider, Paul Kedrosky)
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