Book notes: Some notes from Sebastian Mallaby’s classic on hedge funds More Money than God: Hedge Funds and the Making of a New Elite. (Irrelevant Investor)
Quote of the Day
"We may be nearing the end of a cycle where growth is valued more than profitability..It could be at an inflection point."
(Bill Gurley)
Markets
- The S&P 500 is now below its 200 day moving average. (shortsideoflong.com)
- We are rebuilding the wall of worry. (dashofinsight.com)
- In search of signs of capitulation. (humblestudentofthemarkets.blogspot.com)
- Who is exposed to a potential market downturn? (economicmusings.com)
Strategy
- What makes a great investment article. (theirrelevantinvestor.wordpress.com)
- A fundamental misunderstanding of commodities futures returns lead to the commodity index boom. (papers.ssrn.com)
Offers
- Karma Go: WiFi That Goes Wherever You Do. Join now and get $10 off. (yourkarma.com)
- Like stocks? Like fintech? Then the 4th annual Stocktoberfest, October 18-20th, 2015 in sunny Coronado, California is for you. There are still some Early Bird Tickets available. Don't miss out! (stocktoberfest.co)
Companies
- Something has got to change at HP ($HPQ). (fortune.com)
- Twitter ($TWTR) has made no shortage of mistakes. (howardlindzon.com)
- SoulCycle is a phenomenon but can be it a good business? (nytimes.com)
- The Uber IPO is on the horizon. (reuters.com)
Finance
- If risk and returns AREN'T related then what does that say about finance theory? (bloombergview.com)
- Why quarterly earnings reports are valuable. (alephblog.com)
Global
Economy
- Did the Fed miss its window? (businessinsider.com)
- US factories have still not recovered fully from the Great Recession. (washingtonpost.com)
- Has technology messed up our ability to measure productivity? (ft.com)
Earlier on Abnormal Returns
- Podcast links: asymmetric returns. (abnormalreturns.com)
- What you may have missed in our Thursday linkfest. (abnormalreturns.com)
