Book notes: Is beating the market harder than it’s ever been? Larry Swedroe co-author of The Incredible Shrinking Alpha thinks so. (Canadian Couch Potato)
Quote of the Day
"The assumption that paying higher fees for access to top fund managers will somehow protect your portfolio is misguided. Plus, the fees are guaranteed. The performance is not."
(Ben Carlson)
Markets
- Mortgage REITs are getting crushed by fears of higher interest rates. (bloomberg.com)
- The Nasdaq is ripe with new highs (and new lows). (jlfmi.tumblr.com)
- Are investors asking too much of Apple ($AAPL) stock? (marketwatch.com)
Companies
- US companies are not done trying to to tax inversion deals. (wsj.com)
- Why investors are fearful of a 'media meltdown.' (latimes.com)
Finance
- Why long-term investors, like pension funds, are ideal owners of big, real assets. (institutionalinvestor.com)
- Poor performance is driving investors from commodity hedge funds. (ft.com)
- Yodlee is selling some of its data to investors. (wsj.com)
ETFs
Economy
- The July NFP was largely in line with expectations. (calculatedriskblog.com)
- Another ho-hum jobs report. (scottgrannis.blogspot.com)
- Jobs-wise why we should hope for a return to the 1990s. (bloombergview.com)
- Nothing in the July NFP should change your opinion about the state of the economy. (nytimes.com)
Earlier on Abnormal Returns
- Podcast links: founders and investors. (abnormalreturns.com)
- What you may have missed in our Thursday linkfest. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in July 2015. (abnormalreturns.com)
