Book review: Nathaniel Popper’s Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money is the book you have been waiting for. (Marginal Revolution)
Quote of the Day
"Truly great businesses run by able management teams should be able to adapt to various economic scenarios and deliver solid results across a full business cycle and beyond. However, it's much more difficult to predict when the cycle will turn, how much it will turn, and for how long it will turn."
(Todd Wenning)
Strategy
- Why stock market contests teach dangerous lessons to beginning investors. (blogs.wsj.com)
- When do complex portfolios win? (basonasset.com)
- A dozen things learned from Julian Robertson about investing. (25iq.com)
- How to use Fidelity's sector analysts to get a leg up. (stockcharts.com)
Companies
- Spotify is girding for an Apple ($AAPL) Beats onslaught. (time.com)
- Apple ($AAPL) succeeds by being customer-focused. (daringfireball.net)
Finance
- Hedge funds need to take their own cyber security more seriously. (ft.com)
- It's always a good idea to feed Wall Street when pitching them your IPO. (blogs.wsj.com)
Funds
- Investors can thank themselves for lower mutual fund fees. (nytimes.com)
- Third Avenue shows the difficulty of transitioning from a strong founder. (online.barrons.com)
- Six ways Vanguard has changed the way we invest. (marketwatch.com)
- An ETF roundtable focused on international funds. (online.barrons.com)
Economy
- Here's what CEOs were saying about the economy this week. (skrisiloff.tumblr.com)
- This economic recovery can't get any respect. (pragcap.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
- Still no rebound in the labor participation rate. (humblestudentofthemarkets.blogspot.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you may have missed in our Saturday linkfest. (abnormalreturns.com)
