Book recommendations: 11 picks from Warren Buffett’s bookshelf including Amazon.com by Cristiane Correa. (MoneyBeat)
Quote of the Day
"Good investing hurts. Investors pay a high price for comfort and get paid a high price for doing what few others will. That will always be the case."
(Morgan Housel)
Chart of the Day
How Fed tightening affects capital inflows into emerging markets.
Markets
- The S&P 500 has gone over three years since a 10% correction. (jlfmi.tumblr.com)
- A comprehensive look at elevated investor sentiment. (shortsideoflong.com)
- Investor sentiment is decidedly bullish. (blog.yardeni.com)
- Drawdowns happen: the case of biotechs. (theirrelevantinvestor.tumblr.com)
Strategy
- There are many different ways to be an investor. (monevator.com)
- Why you need to match your personality with your investing style. (forbes.com)
- The 'Sell in May' effect on sectors. (marketwatch.com)
- Cullen Roche, "Directionality matters a lot more than precision." (pragcap.com)
Apple Watch
- John Gruber on the Apple ($AAPL) Watch, "It’s a cool watch that does cool things." (daringfireball.net)
- One week with the Apple ($AAPL) Watch. (sixcolors.com)
- 10 investment apps for the Apple ($AAPL) Watch. (forbes.com)
Goldman Sachs
- Will traders trust their messages to Goldman Sachs ($GS)-backed Symphony? (institutionalinvestor.com)
- Goldman Sachs ($GS) is investing in a Bitcoin-based startup. (nytimes.com)
Finance
- Why Twitter ($TWTR) never should have gone public. (linkedin.com)
- Bitcoin miners keep looking to the public markets for liquidity. (ftalphaville.ft.com)
- Companies should be investing in their workers not their own stock. (maliceforall.com)
- Biotech companies are taking advantage of the open follow-on window. (bloomberg.com)
Funds
- Good luck finding the fund manager who will rule the next bear market. (basonasset.com)
- Why do investors pay a percentage, instead of fixed, fee? (bloombergview.com)
Economy
- Weekly initial unemployment claims drop to decade lows. (calculatedriskblog.com)
- The FOMC statement provides little new information. (economistsview.typepad.com)
- Real consumption trends should not be a break on the Fed. (ftalphaville.ft.com)
- US ports are getting increasingly congested. (wsj.com)
- Rents keep on rising for the US consumer. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Longform links: saving YouTube. (abnormalreturns.com)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)
