Book recommendation: Reading Ben Carlson’s A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan is “time well spent.” (Market Folly)
Quote of the Day
"Low real returns challenge the meaning of the word safety in the context of fixed income. Fixed income works to preserve capital in the short-term, but can be extremely risky when used to improve purchasing power over the long-term. "
(Daniel S.)
Chart of the Day
The mining sector has been down for so long, things might actually be looking up.
Markets
- Mom and Pop have by all accounts done a better job post-crisis. (bloombergview.com)
- What (China-light) sectors are poised to outperform. (dashofinsight.com)
- Corrections are no fun but for this Portland man it meant a reprieve. (dealbreaker.com)
Strategy
- Do you really need the stress of managing a portfolio of individual stocks? (washingtonpost.com)
- Why some investors should be wary of the idea of 'buying the dips.' (blogs.wsj.com)
- Adjust your portfolio when you can, not when you have to. (marketwatch.com)
Companies
- We are finally going to see what Apple ($AAPL) has in mind for television. (techcrunch.com)
- Berkshire Hathaway ($BRKB) is buying more Phillips 66 ($PSX). (nytimes.com)
- The energy sector is ripe with overleveraged companies. (alephblog.com)
Offers
- Read "The Martian" by Andy Weir before its big screen debut this Fall. (amzn.to)
- The 4th annual Stocktoberfest is here. Where the BEST in fintech, trading and investing meet. (stocktoberfest.co)
Finance
- Wall Street is warming to the idea of the blockchain. (nytimes.com)
- Wall Street has come to dominate the 'private IPOs' of prominent unicorns. (businessinsider.com)
- Are peer-to-peer lenders all that unconvential? (ftalphaville.ft.com)
Global
Economy
- Should the Fed tighten? (marginalrevolution.com)
- What does Stanley Fischer think? (crackerjackfinance.com)
- American consumers are being circumspect with their credit consumption. (scottgrannis.blogspot.com)
- A succinct summary of the economic week. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you may have missed in our Saturday linkfest. (abnormalreturns.com)
