Book review: Tania Luna and Leeann Renninger’s Surprise: Embrace the Unpredictable and Engineer the Unexpected is “a worthwhile quick read.” (Reading the Markets)
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)
