Book list: 10 books from JP Morgan’s for beach reading list including The Wright Brothers by David McCullough. (MoneyBeat)
Quote of the Day
"There will be no more wind at a bond investor’s back from consistently declining interest rates anymore. The bond market is going to start getting interesting. Buckle up."
(Ben Carlson)
Strategy
- Companies that cook the books, i.e. violate Benford's Law, tend to underperform. (businessinsider.com)
- How CEO candor reflects company performance. (cfainstitute.tumblr.com)
- How to build your own high yield bond strategy. (econompicdata.blogspot.com)
- Everybody thinks they are a contrarian investor. (jeffmacke1.tumblr.com)
- Portfolio rebalancing in the face of a big valuation spread. (blogs.wsj.com)
Commodity futures
- The commodity futures debate from ten years ago turned out badly for investors. (ft.com)
- Facts and Fantasies About Commodity Futures Ten Years Later. (blog.alphaarchitect.com)
Companies
- The Apple ($AAPL) Watch is going to be an important product for the company. (institutionalinvestor.com)
- CBS's ($CBS) Showtime is now has a standalone streaming subscription. (sixcolors.com)
- Subsidized cellphones are on the way out. (recode.net)
- Three apps Twitter ($TWTR) should buy. (recode.net)
- Tweetbot is the best Twitter ($TWTR) client for the Mac. (techcrunch.com)
Bond liquidity
- Bond ETFs are locking up bonds. Should we be worried? (ftalphaville.ft.com)
- Why should we expect bond markets to be liquid? (thealephblog.tumblr.com)
Finance
- Private equity firms are unloading companies while they can. (wsj.com)
- MBAs are no longer requires at some buyout shops. (wsj.com)
Bloomberg
- Alibaba ($BABA) wants to create a Chinese Bloomberg. (techcrunch.com)
- Can YCharts make headway among advisors? (riabiz.com)
ETFs
- ETF issuers are running out of ideas. (bloomberg.com)
- New ETF strategies are more complicated than ever. (thereformedbroker.com)
Economy
- The rhetoric about the US jobs market is at odds with reality. (bloombergview.com)
- American consumers are locking in low, fixed mortgage rates. (businessinsider.com)
Earlier on Abnormal Returns
- Longform links: what Twitter ($TWTR) can be. (abnormalreturns.com)
- What you might have missed in our Wednesday linkfest. (abnormalreturns.com)
