Book notes: Are John Bogle’s two classic books, Bogle on Mutual Funds: New Perspectives for the Intelligent Investor and John Bogle on Investing: The First 50 Years worth a re-read? (Reading the Markets)
Quote of the Day
"The problem isn’t the robots per se but the uses we’ve put them to...Indeed, markets today incorporate new information faster than ever before. Yet they are also fundamentally less stable, and more prone to sudden and inexplicable breakdowns. "
(James Surowiecki)
Markets
- The Wilshire 5000 has less than 4000 stocks. (awealthofcommonsense.com)
- The US equity market is losing momentum. (stockcharts.com)
- How much more room does the crude oil market have to run? (soberlook.com)
Strategy
- Dr. Brett and Charles Kirk talk about the need for tenacity in trading. (forbes.com)
- Shorting big companies with cash is too tough as task. (deadcompanieswalking.tumblr.com)
- Five steps to trading discipline. (adamhgrimes.com)
Finance
- Uber is raising capital quickly and in big chunks. (nytimes.com)
- The big bet that is messaging system Symphony. (fortune.com)
ETFs
Global
- Spain's economic recovery is shaky, at best. (fortune.com)
- Is the "Bund tantrum" a sign of things to come? (blogs.ft.com)
- Will Scotland leave the Union? (marginalrevolution.com)
Earlier on Abnormal Returns
- A Q&A with Wes Gray on value and momentum - part one. (abnormalreturns.com)
- Research links: real momentum. (abnormalreturns.com)
- What you may have missed in our Sunday linkfest. (abnormalreturns.com)
