Book notes: On the investing implications of Larry Swedroe’s The Incredible Shrinking Alpha. (Canadian Couch Potato)
Quote of the Day
"In the end, the market is controlled by the market. The truly important event for investors is the decisions made by a large group of consumers. People want the best product or service at the best price. Find that, and all the financial issues will follow."
(Eddy Elfenbein)
Markets
- Fewer than 20% of emerging market equities are trading above their 200 day moving averages. (shortsideoflong.com)
- A tale of the tape: utilities vs. energy. (crossingwallstreet.com)
- Q2 S&P 500 revenue growth was pretty anemic. (blog.yardeni.com)
Strategy
- Do you have an edge in the markets? (adamhgrimes.com)
- The downside of using the "death cross" indicator. (managed-futures-blog.attaincapital.com)
Offers
- Brad Feld loved Ashlee Vance's biography of "Elon Musk: Tesla, SpaceX and the Quest for the Fantastic Future." (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)
Gold
- Gold prices can deviate from "fair value" for long periods of time. (etf.com)
- Why timing gold is so difficult. (indexologyblog.com)
Companies
Finance
- Are options strategies the way to get fearful investors back in the stock market? (businessinsider.com)
- It's hard to generate a full-blown credit crisis absent a surge in leverage. (alephblog.com)
Fund management
- Blackrock ($BLK) is embroiled in a controversy about securities lending in its ETFs. (ft.com)
- Why Apollo Global Management ($APO) is undervalued. (news.morningstar.com)
- Commodity indexers are a big part of a number of markets. (ft.com)
China
- Are Chinese companies pursuing uneconomic projects? (businessinsider.com)
- The problem(s) with China's growth model. (ftalphaville.ft.com)
- So how high is Chinese unemployment today? (marginalrevolution.com)
- Spillover effects and fears about China today. (statisticalideas.blogspot.com)
Economy
- The Fed would be nuts to raise rates. (pragcap.com)
- Your view of the economy is colored by where you live. (thereformedbroker.com)
- Millennials are less interested in homeownership than previous generations. (fortune.com)
- Blaming robots for lost jobs is a shortcut. (ft.com)
Earlier on Abnormal Returns
- Personal finance links: building a buffer. (abnormalreturns.com)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)
