Book notes: Insights on investing from Richard Thaler’s Misbehaving: The Making of Behavioral Economics. (Washington Post)
Quote of the Day
"(T)he challenge for all investors is to consume the news without being consumed by it. Probably the single most important step you can take is to filter it wisely, taking in the news through intermediaries whose judgment you can trust."
(Jason Zweig)
Markets
- The best trades from the first half of the year. (qz.com)
- How major asset classes performed in June 2015: in short not so hot. (capitalspectator.com)
- Why the grains have caught a bid. (managed-futures-blog.attaincapital.com)
Strategy
Companies
Spinoffs
- The 'summer of spinoffs' is wreaking havoc on S&P indices. (stockspinoffs.com)
- What do eBay ($EBAY) and PayPal ($PYPL) look like post-spinoff? (microfundy.com)
Finance
- Hedge funds are feeling the pain from their bets on Puerto Rico. (nytimes.com)
- Private equity is still in "sell down" mode. (bloomberg.com)
- Bank trading operations are doing just fine, thank you. (qz.com)
Economy
- The June ADP private employment number is showing strong growth. (calculatedriskblog.com)
- The June ISM Manufacturing report still shows continued growth. (crossingwallstreet.com)
- James Surowiecki, "Work is changing. The protection we offer workers should change as well." (newyorker.com)
- Why we need better data than GDP to measure the economy. (nytimes.com)
- No matter how you slice the situation in Puerto Rico is bad. (fusion.net)
Earlier on Abnormal Returns
- Personal finance links: an interview with Mr. Money Mustache. (abnormalreturns.com)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)
