Book review: On the “warm appeal” of David McCullough’s The Wright Brothers. (NY Review of Books)
Computer notes: Why your next computer should be a desktop like the Apple iMac. (WSJ)
Quote of the Day
"My concern now is that the FOMC is on thinner ice than members realize because they don't believe they have already tightened policy."
(Tim Duy)
Markets
Strategy
- Investing is hard: four ways to fight back. (etfreference.com)
- Periods of market calm can lull investors into a false sense of security. (awealthofcommonsense.com)
Offers
- "Misbehaving" by Richard Thaler is an interesting primer on behavioral economics. (amzn.to)
- Like stocks? Like startups? Then the 4th annual Stocktoberfest, October 18-20th, 2015 in sunny Coronado, California is for you. There are still some Early Bird Tickets available. Don't miss out! (stocktoberfest.co)
Funds
- The commodities rout shows that CTA returns are not long-commodities. (markovprocesses.com)
- What is the source of Yale's outperformance? (ftalphaville.ft.com)
Finance
- Goldman Sachs ($GS) is getting more bank-like. (nytimes.com)
- Corporate treasurers are pulling money out of money market funds. (ft.com)
- State usury laws could put the crimp on peer-to-peer lenders. (bloomberg.com)
Mutual funds
- Is your fund buying shares in private companies? (news.morningstar.com)
- Why the mutual fund industry is getting better: better investor decision making. (news.morningstar.com)
Global
- What country is most likely to have the next financial crisis? (marginalrevolution.com)
- China is seeking to "defy the laws of economic gravity." (newyorker.com)
Economy
- Has the growth rate in industrial production bottomed? (capitalspectator.com)
- How Americans are using credit cards. (npr.org)
Earlier on Abnormal Returns
- Podcast links: peak performance. (abnormalreturns.com)
- What you may have missed in our Thursday linkfest. (abnormalreturns.com)
