Book recommendation: The Warren Buffett Philosophy of Investment: How a Combination of Value Investing and Smart Acquisitions Drives Extraordinary Success by Elena Chirkova is for Buffett newbies and fans alike. (Reading the Markets)
Quote of the Day
"The investment industry needs to acknowledge that it has made investment unduly complicated, largely in an attempt to justify the existence of advisers."
(John Authers)
Chart of the Day
Consumer-focused sectors are rolling over on a relative basis.
Markets
Strategy
- A look back at the golden age of risk parity investing. (econompicdata.blogspot.com)
- Historical returns were not as easy to earn as you think. (awealthofcommonsense.com)
Yahoo
- The last lever Marissa Mayer has left to pull: Yahoo ($YHOO) Japan. (fortune.com)
- Don't forget that Alibaba ($BABA) is still a big deal for Yahoo ($YHOO). (fortune.com)
- The rest of Yahoo ($YHOO) is still struggling. (recode.net)
- Yahoo ($YHOO) is struggling in mobile. (tumblr.jackdawresearch.com)
Amazon
- Just how big is Amazon ($AMZN) Web Services? (blog.estimize.com)
- And does AWS make any money? (qz.com)
Finance
- Is one guy really to blame for the 2010 Flash Crash? (bloombergview.com)
- Companies are fighting back against activists. (nytimes.com)
Funds
- When ETFs and emerging markets are not a good match. (ft.com)
- A list of some highly rated, high active share funds. (news.morningstar.com)
- Index funds are dumb but effective. (monevator.com)
Global
- Greek stocks as lottery ticket. (marketwatch.com)
- What if Greece were to strike a deal? (blogs.wsj.com)
Earlier on Abnormal Returns
- Personal finance links: matching values with money. (abnormalreturns.com)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)
