Book Q&A: A talk with Susan Casey author of Voices in the Ocean: A Journey into the Wild and Haunting World of Dolphins. (The Daily Beast)
Quote of the Day
The markets either keep you honest and humble or they can drive you crazy and cause mistake after mistake. Don’t ever let anyone tell you it’s easy.
(Ben Carlson)
Chart of the Day

The 1 year Treasury yield is nearing 0.40%. We haven’t seen these levels since 2010.
Markets
- The emerging markets look like death. (theirrelevantinvestor.wordpress.com)
- Crude oil is wicked oversold. (shortsideoflong.com)
Strategy
- Time is on your side as an investor. Don't mess it up. (bloombergview.com)
- How you handle down markets determines how you do as an investor. (thereformedbroker.com)
Google/Alphabet
- Maybe Larry and Sergey should take a page from the John Malone playbook. (hbr.org)
- Alphabet will work if investors trust Larry and Sergey. (ft.com)
Finance
- 'Bad bank' Citi Holdings is doing surprisingly well. (wsj.com)
- Some risk factors for Tesla ($TSLA). (ftalphaville.ft.com)
- Why the sell-side should get rid of buy/sell/hold ratings. (ft.com)
- Activist investors are now stepping on each other's toes. (professorbainbridge.com)
- Why institutional investors should swap their private equity for leveraged small cap value stocks. (ftalphaville.ft.com)
Global
- China's devaluation makes sense given the surge in the dollar. (econbrowser.com)
- China's economy has been slowing for awhile now. (pragcap.com)
Demographics
Economy
- Weekly initial unemployment claims are at rock bottom levels. (calculatedriskblog.com)
- We are in the latter stages of the jobs expansion. (bonddad.blogspot.com)
- Renting has never been more expensive in America. (bloomberg.com)
Earlier on Abnormal Returns
- Longform links: calculating the odds. (abnormalreturns.com)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)