Book review: DIY Financial Advisor: A Simple Solution to Build and Protect Your Wealth by Wesley R. Gray, Jack R. Vogel, and David P. Foulke is “A model of a good investing book.” (Reading the Markets)
Quote of the Day
"If everyone indexed, nothing would get built. Investing in index funds might produce better returns, but it can't build a building, or stiffen it, or brand it with golden letters. And that's worth something too."
(Matt Levine)
Markets
- Market internals have been breaking down for awhile now. (jlfmi.tumblr.com)
- Extreme up-days come at the expense of extreme down-days in the market. (statisticalideas.blogspot.com)
- Oil stocks are at a critical juncture. (jlfmi.tumblr.com)
Strategy
- Brett Steenbarger, "This is why the single most important trait of traders who achieve career success is adaptability." (traderfeed.blogspot.com)
- On the dangers (and opportunity) in doubling down on a stock. (alephblog.com)
- How to be a proactive buyer after a market dip. (wsj.com)
Companies
- What the CEO of the "new" Google ($GOOGL) needs to do next. (hbr.org)
- What is the end game for the new Apple ($AAPL) TV? (rajamreport.com)
Robo-advisors
- Post-Blackrock ($BLK)-FutureAdvisors, are incumbents now poised to buy up the startup robo-advisors? (investmentnews.com)
- A bear market will not kill the robo-advisors. (investmentnews.com)
Funds
- Hedge funds as a whole don't really hedge. (ft.com)
- An examination of the hype surrounding recent returns of "Black Swan" type funds. (thereformedbroker.com)
- Why you should care about risk-parity strategies. (sl-advisors.com)
Global
Economy
- Everything you need to know about the August jobs report. (ryandetrick.tumblr.com)
- The data continue to point towards modest, positive growth. (fat-pitch.blogspot.com)
- The odds are in favor of a Fed rate hike in September. (calculatedriskblog.com)
- The case for more immigration, not less. (econlog.econlib.org)
- A succinct summary of the economic week that was. (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)
- What books Abnormal Returns readers purchased in August 2015. (abnormalreturns.com)
