Book Q&A: An interview with Patrick O’Shaughnessy author of Millennial Money: How Young Investors can Build a Fortune. (Harvest)
Quote of the Day
"Trying to select a Second Lieutenant who will become a General or a fund manager who will persistently outperform the markets is a futile endeavor. Nobody knows beforehand who the stars will be."
(Rick Ferri)
Markets
- Fund managers are holding a ton of cash. (thereformedbroker.com)
- Seven myths about managed futures. (seekingalpha.com)
Strategy
- Of what value is GDP growth in future stock returns? (econompicdata.blogspot.com)
- Follow price, leave economic forecasting to the economists. (jlfmi.tumblr.com)
- Does Calpers need a simpler approach? (awealthofcommonsense.com)
Companies
- Google ($GOOG) is pulling back on its freewheeling spending ways. (wsj.com)
- Amazon ($AMZN) still surprises 20 years in. (bloomberg.com)
- Inside the turnaround at Electronic Arts ($ERTS). (fortune.com)
Finance
- Somebody posted a fake takeover rumor about Twitter ($TWTR). (bloombergview.com)
- Asset managers are avoiding the 'systematically important' label for now. (ft.com)
ETFs
- Running a bond fund ain't easy these days. (alephblog.com)
- Fidelity loves buying shares in private companies. (morningstar.com)
- Blackrock ($BLK) wants hedge funds' idle cash. (ft.com)
- Shark Tank investors Kevin O'Leary is launching a series of dividend-focused ETFs. (blogs.barrons.com)
- Does the share price of an ETF really matter? (etf.com)
Global
- The bright side of the Greek deal. (medium.com)
- Investors are using Chinese ETFs to hedge. (ftalphaville.ft.com)
Economy
- Industrial production rose in June. (calculatedriskblog.com)
- The US economy is stuck in second gear. (economistsview.typepad.com)
- There is pent-up demand for single-family homes. (valueplays.net)
Earlier on Abnorml Returns
- Personal finance links: robo-sweepers. (abnormalreturns.com)
- Saving money isn't easy. (abnormalreturns.com)
- Ten word investment philosophies. (abnormalreturns.com)
- Startup links: killer decks. (abnormalreturns.com)
