Book review: Tania Luna and Leeann Renninger’s Surprise: Embrace the Unpredictable and Engineer the Unexpected is “a worthwhile quick read.” (Reading the Markets
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)
Quote of the Day
"Put simply, the US investing public has lost its confidence in investment managers — not just Mr Gross — and their ability to generate returns through skill."
(John Authers)
Markets
- Biotech stocks are getting weaker by the day. (midnighttrader.tumblr.com)
- A bunch of markets have reversed all at once. (bloomberg.com)
- Corrections can happen over time instead of price. (joefahmy.com)
- Traders hate agriculture, including wheat. (shortsideoflong.com)
Strategy
- Just how good an inflation hedge are stocks? (ftalphaville.ft.com)
- How much international diversification is necessary? (awealthofcommonsense.com)
- Stock buybacks can either be good or bad...it all depends. (microfundy.tumblr.com)
- Don't believe factor backtests. (humblestudentofthemarkets.blogspot.com)
Companies
- Why tech stocks have gotten taken out to the woodshed this earnings season. (pando.com)
- Twitter ($TWTR) is a media company and has a Periscope problem. (recode.net)
- How Yahoo ($YHOO) came through the dotcom bubble. (paulbennetts.co)
Finance
- Why do we care about how much money some hedge fund managers make? (pragcap.com)
- Insurance brokers are scared of Zenefits. (blogs.wsj.com)
Economy
Eariler on Abnormal Returns
- Personal finance links: avoidable investments. (abnormalreturns.com)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)







