Book list: The 15 best non-fiction books of 2015 (so far) including Bill Browder’s Red Notice: A True Story of High Finance, Murder and One Man’s Fight for Justice. (Paste)
Quote of the Day
"There’s no such thing as a perfect portfolio, strategy or asset allocation, so I’m all about figuring out what works for your personality and sticking with the process you choose."
(Ben Carlson)
Chart of the Day
What, if anything, does the Enterprise Value/EBITDA ratio for the stock market tell us?
Markets
- Three takeaways from the Chinese stock market plunge. (dashofinsight.com)
- The main lesson from China's stock market. (thefelderreport.com)
Strategy
- Is international diversification worth the risk? (awealthofcommonsense.com)
- Two powerful reasons to keep a trading journal. (forbes.com)
- How to put money to work in a correction. (fmdcapital.com)
Finance
- If robo-advisors are all about price then they won't be in a very good business. (bloombergview.com)
China
- Five takeaways from China's market plunge. (fusion.net)
- The Chinese government is going to try to "defy the laws of economic gravity." (nytimes.com)
- Why you need to look beyond the stock market to see what is going in in the Chinese economy. (slate.com)
- Why the government is so desperate to have a solid stock market. (ftalphaville.ft.com)
Economy
- The odds of a US recession remain low. (capitalspectator.com)
- Gen X has gotten the short end of the economic stick. (bloombergview.com)
Earlier on Abnormal Returns
- Podcast links: volatility and skew. (abnormalreturns.com)
- What you may have missed in our Thursday linkfest. (abnormalreturns.com)
