Book review: Money, Taste, and Wine: It’s Complicated! by Mike Veseth debunks some wine-related myths is an “enjoyable read.” (Reading the Markets)
Quote of the Day
"Caught between their brains and hearts, traders struggle in markets for the same reasons most of us have struggled in romance. When we feel strongly, we can make decisions that are relatively brainless. When we make decisions strictly from our brains, we can end up with practical choices, but not inspiring ones."
(Brett Steenbarger)
Chart of the Day

A historical comparison of margin debt including China’s current situation.
Markets
- Basic material stocks are breaking down. (jlfmi.tumblr.com)
- The economy is stronger than what is commonly thought. (dashofinsight.com)
Strategy
- Why trying to squeeze the last couple of pennies from a trade is a waste of time and effort. (alephblog.com)
- Is the problem choppy markets or your trading style? (traderfeed.blogspot.com)
- Great investors learn from their mistakes. (pointsandfigures.com)
- Most investment-related commentary is junk. (washingtonpost.com)
- Good mentors lead by example. (awealthofcommonsense.com)
Companies
- Apple ($AAPL) Music is a hot mess. (businessinsider.com)
- Uber keeps raising money at higher valuations. (wsj.com)
Finance
- Dan Loeb's defense of activist investing. (cnbc.com)
- How much longer can hedge funds attract capital? (howardlindzon.com)
- Pension funds hire more women than asset managers. (ft.com)
Funds
- The August Mutual Fund Observer commentary is out with a look good beginner mutual funds. (mutualfundobserver.com)
- What's next for WisdomTree Investments ($WETF)? (online.barrons.com)
Economy
- Ten quick topics to feel great about. (fool.com)
- What CEOs said about the economy this week. (avondaleam.com)
- The US economy has been unable to crack 3% GDP growth in a decade. (bloomberg.com)
- Is this really the worst recovery in 70 years? (valueplays.net)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in July 2015. (abnormalreturns.com)
- What you may have missed in our Saturday linkfest. (abnormalreturns.com)
- The technology IPO conundrum. (abnormalreturns.com)
- Time is running out to get in on the biggest Abnormal Returns giveaway yet. (abnormalreturns.com)