Book review: How to harness our attention. A look at Two Awesome Hours: Science-Based Strategies to Harness Your Best Time and Get Your Most Important Work Done, by Josh Davis. (FT)
Quote of the Day
"Stocks with lower passive ownership can provide a more abundant source of alpha.."
(Sebastian Mercado)
Markets
- Another sign of a biotech bubble. (qz.com)
- A good reminder: correlations are not constant. (thereformedbroker.com)
- Estimates for 2015 earnings have come in a bunch, maybe too much. (ftalphaville.ft.com)
Strategy
- A look at the returns from a simple 3-asset model. (mebfaber.com)
- Why do investors care what so-called "billionaires" are doing with their money? (huffingtonpost.com)
- Once again economic growth is not indicative of stock market returns. (etf.com)
Companies
- Is the Steve Jobs model, CEO returning to his company, played out? (nytimes.com)
- Can Restoration Hardware ($RH) is betting big on Americans spending again. (washingtonpost.com)
- What next for Yahoo ($YHOO) post-spinoff? (allaboutalpha.com)
Finance
- Pension funds' timing was bad when moving into pension funds. (wsj.com)
- Direct investors are going head-to-head with PE firms for deals. (ft.com)
- Hedge funds are picking up the slack from banks in lending. (bloomberg.com)
- Wall Street analysts are no better these days but at least they are "honestly wrong." (bloombergview.com)
Economy
- We are in the midst of a "shallow industrial recession." (bonddad.blogspot.com)
- Why homebuilders are optimistic. (soberlook.com)
- The farmland boom/bubble is cooling off. (marketwatch.com)
- Americans are finally having more babies. (time.com)
Earlier on Abnormal Returns
- Personal finance links: crash savings programs don't work. (abnormalreturns.com)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)
