Book notes: 10 underrated quotes from Charlie Munger from Tren Griffin’s Charlie Munger: The Complete Investor. (A Wealth of Common Sense)
Quote of the Day
"The new game for traders is not running away from rapacious algos. Instead, it’s going to become about exploiting their failure to reason."
(Joshua Brown)
Markets
- Why a pick up in volatility should not be all that surprising. (thereformedbroker.com)
- Timers have fled the stock market. (marketwatch.com)
- Despite all the noise the stock market has been pretty much a push this week. (thereformedbroker.com)
Strategy
- How writing about markets helps you navigate them. (howardlindzon.com)
- Great investors gain most of their advantage during bear markets. (blogs.cfainstitute.org)
Oil stocks
- The underperformance of oil stocks, like ExxonMobil ($XOM) is stunning. (macro-man.blogspot.com)
- Oil stocks are different than other stocks. (joshuakennon.com)
Offers
- Early Bird tickets are running out! The 4th annual Stocktoberfest is here. Where the BEST in fintech, trading and investing meet. (stocktoberfest.co)
- Karma Go: WiFi That Goes Wherever You Do. Join now and get $10 off. (yourkarma.com)
Finance
- Nobody really understands how HFT is affecting the markets. (ft.com)
- Retail brokers kept breaking this week. (businessinsider.com)
Hedge funds
- Why do investors still favor long/short equity funds? (eqira.com)
- Carlyle Group ($CG) is having a rough go of it in the hedge fund business. (nytimes.com)
Funds
- On the rise and rapid fall in the MainStay Marketfield fund. (wsj.com)
- Good NAVs are crucial for mutual funds. (etf.com)
- ETFs ARE exchange traded funds. (awealthofcommonsense.com)
- Monday was a mini version of the 2010 Flash Crash. (investwithanedge.com)
Global
- How investors are betting against China. (wsj.com)
- Brazil is feeling the pain from China's slow down. (wsj.com)
- Remember when BRICs were all the rage? (qz.com)
Economy
- The right and wrong arguments for a Fed rate hike in September. (economistsview.typepad.com)
- Does a 0.25% move by the Fed matter? Maybe.... (econlog.econlib.org)
Earlier on Abnormal Returns
- Podcast links: election bets. (abnormalreturns.com)
- What you may have missed in our Thursday linkfest. (abnormalreturns.com)
- StockTwits: some ideas just take time. (abnormalreturns.com)
- August book round-up: all the book links we ran in the past month. (abnormalreturns.com)
