Book review: Zac Bissonnette’s The Great Beanie Baby Bubble: Mass Delusion and the Dark Side of Cute is a unique American story “artfully told.” (WSJ)
Quote of the Day
"If you're going to do buy-and-hold, pay as little as possible and understand your disposition. If you're like me and you have plenty of behavioral biases, come up with a systematic way to implement it."
(Mebane Faber)
Markets
- Why gold remains weak. (bloombergview.com)
- Here's hoping that Etsy ($ETSY) stays a little weird. (ft.com)
Strategy
- A dozen things learned from David Tepper about investing. (25iq.com)
- Is cash an asset class? (thereformedbroker.com)
- The case for using a world total market equity index fund. (monevator.com)
Apple
- Thinking about the new Macbook as a tablet. (slate.com)
- Who uses Apple ($AAPL) Pay? (businessinsider.com)
- The Apple ($AAPL) Watch is all about the iPhone. (buzzfeed.com)
- Apple ($AAPL) is playing the long game with Apple Watch. (csen.tumblr.com)
- Some random thoughts on the Apple ($AAPL) event. (macsparky.com)
Hedge funds
Robo-debate
- Has Charles Schwab ($SCHW) become the new Merrill Lynch? (medium.com)
- Schwab responds to the Merrill jab. (aboutschwab.com)
- Isn't it great we are arguing about low-cost investing solutions? (pragcap.com)
- WIth Schwab's entry, robo-advisors are going mainstream. (investmentnews.com)
Economy
- Small businesses are having a hard time finding workers with the requisite skills. (blogs.wsj.com)
- Americans are sitting on a load of unused vacation time. (time.com)
- Economics blogging is really just getting started. (thefiscaltimes.com)
Earlier on Abnormal Returns
- Startup links: venture capital envy. (abnormalreturns.com)
- What you may have missed in our Monday linkfest. (abnormalreturns.com)
