Book Q&A: A nice interview with Ben Carlson author of A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan. (Marketwatch)
Quote of the Day
"Remember, it is easy to find reasons to sell; what’s hard is finding reasons not to every single day. Experienced investors know that riding winners is far harder than cutting losses."
(Mark Dow)
Chart of the Day

Low vol has been outperforming high beta since early July.
Strategy
- On the difference between traders and investors. (dashofinsight.com)
- Why investors and sports fans need to take the long view. (europe.etf.com)
Offers
- Karma Go: WiFi That Goes Wherever You Do. Join now and get $10 off. (yourkarma.com)
- Like stocks? Like fintech? Then the 4th annual Stocktoberfest, October 18-20th, 2015 in sunny Coronado, California is for you. There are still some Early Bird Tickets available. Don't miss out! (stocktoberfest.co)
Companies
- The Zulily ($ZU) acquisition should make still private companies nervous. (ft.com)
- Is Apple's ($AAPL) iPad problem solvable? (macworld.com)
Finance
- What’s private equity still being paid for these days? (ftalphaville.ft.com)
- Online lender Social Finance has become a force in student loans. (wsj.com)
- Is halting quarterly earnings reports really a fix for short-termism? (bloombergview.com)
ETFs
- Bond ETFs are part of the solution to market liquidity not the problem. (wsj.com)
- What is going on under the hood of your unconstrained bond fund? (reuters.com)
- A look at market timing and the Hull Tactical US ETF ($HTUS). (etf.com)
Global
Economy
Earlier on Abnormal Returns
- Longform links: executive underinvestment. (abnormalreturns.com)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)