Book list: Some non-business readers from business leaders including Where Chefs Eat: A Guide to Chef’s Favorite Restaurants by Joe Warwick. (Fortune)
Quote of the Day
"Most asset allocation work that relies on past returns is easy to do and bogus. Good asset allocation is forward-looking and ignores past returns."
(David Merkel)
Chart of the Day
Per @howardlindzon, Lending Club ($LC) joins the club of ‘broken IPOs.’
Markets
- Not surprisingly investors are nervous about China A shares. (blogs.barrons.com)
- Putting into perspective the drop in China's stock market. (bloomberg.com)
- Why this Chinese stock bubble is different. (ft.com)
Companies
Finance
- Japanese retail investors went crazy for a Toyota ($TM) convertible offering. (ft.com)
- The 401(k) plan is begging for disruption. (finiculture.com)
ETFs
Economy
- Another decent employment report in June. (calculatedriskblog.com)
- Switzerland has a Swiss Franc problem. (bloombergview.com)
Earlier on Abnormal Returns
- Longform links: the changing natuer of work. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in June 2015. (abnormalreturns.com)
- What you might have missed in our Wednesday linkfest. (abnormalreturns.com)
