Three lessons for traders learned from Amy Wilkinson’s forthcoming The Creator’s Code: The Six Essential Skills of Extraordinary Entrepreneurs. (Reading the Markets)
Quote of the Day
"The main impact of the mortgage-interest deduction and other subsidies is not that they get people to buy houses. It’s that they get people to buy bigger, costlier houses than they otherwise would."
(James Surowiecki)
Bonds
- Two equally bad explanations for the performance of the global bond markets. (medium.com)
- On the parallels of today's bond market to the post-WWII period. (bloomberg.com)
Strategy
- A dozen thing learned from Tom Murphy about capital allocation and management. (25iq.com)
- The passive investing bubble is growing. (howardlindzon.com)
Companies
- Is Google ($GOOG) the new Microsoft ($MSFT)? (bloombergview.com)
- Fifteen years in, lessons from the failed AOL ($AOL)-Time Warner ($TWX) merger. (fortune.com)
Finance
- Hedge funds are now more about management fees than incentive fees these days. (ftalphaville.ft.com)
ETFs
- Just how good was Bill Gross' performance during his tenure at Pimco? (bloombergview.com)
- Should fund managers care about the behavior gap? (awealthofcommonsense.com)
- On the role falling interest rates have on active manager performance. (online.barrons.com)
Global
- Speculators are swarming the Chinese stock market. (bloomberg.com)
- The many risks of investing in the Russian stock market. (researchaffiliates.com)
- On the difference between good deflation and bad deflation. (blogs.ft.com)
Oil
- How much is falling demand affecting the price of crude oil? (econbrowser.com)
- Resource dependent economies are short innovation. (pragcap.com)
Earlier on Abnormal Returns
- Research links: shareholder values, IT momentum and cautious fund managers. (abnormalreturns.com)
- What you may have missed in our Sunday linkfest. (abnormalreturns.com)
