Book notes: Why a focus on GDP is misleading, insights from Dirk Philipsen’s The Little Big Number: How GDP Came to Rule the World and What to Do about It. (Fortune)
Quote of the Day
"In short, Vanguard was built to deliver relative predictability. It does that task better than any other fund company. As a result, it has become the world's largest fund company, in a runaway."
(John Rekenthaler)
Markets
- The top holdings of the 'ultimate stock pickers.' (news.morningstar.com)
- High yield stocks are getting smoked. (ft.com)
- Sentiment measures are often at odds with each other. (ryandetrick.tumblr.com)
- The consensus is that rates are going higher and stocks are poised for a fall. (thereformedbroker.com)
Strategy
- The search of signs of an overvalued market comes up short. (brooklyninvestor.blogspot.com)
- Historical market data is what you make of it. (awealthofcommonsense.com)
- The case for a steady volatility-state managed portfolio. (econompicdata.blogspot.com)
- The case for big bank stocks. (blogs.wsj.com)
Companies
- Did Twitter ($TWTR) lose the plot? (om.co)
- Why Apple ($AAPL) and Google ($GOOG) are investing to much in maps. (asymco.com)
- Will the smartwatch kill off the activity tracker? (washingtonpost.com)
Finance
- Goldman Sachs ($GS) is getting into consumer loans. (nytimes.com)
- Why Renaissance Technologies is a great place to work: tax-free access to the Medallion Fund. (bloomberg.com)
Global
- Why has the Euro seemingly stopped falling? (ftalphaville.ft.com)
- A look at the global oil glut. (bloomberg.com)
Earlier on Abnormal Returns
- Startup links: why investors choose complexity. (abnormalreturns.com)
- What you may have missed in our Monday linkfest. (abnormalreturns.com)
