Book review: The Nature of Value: How to Invest in the Adaptive Economy by Nick Gogerty is “a lucid and thought-provoking book.” (Enterprising Investor)
Quote of the Day
"There are no certainties in the markets. Otherwise there would be no such thing as risk. Nothing works all the time. Otherwise it would never work in the first place."
(Ben Carlson)
Markets
- Earnings surprises really don't have much meaning any more. (blog.abglobal.com)
- What factors are driving the equity market's decline? (blogs.ft.com)
Strategy
- Patrick O'Shaughnessy, "One of the great challenges for quantitative investors is finding new ideas that haven’t yet reached critical mass." (investorfieldguide.com)
- Six investment lessons from David Tepper. (frankzorrilla.blogspot.com)
Offers
- ETFReplay.com, the premier provider of ETF backtesting services, is offering a special subscription deal for Abnormal Returns readers. Check it out! (goo.gl)
- The schedule for the 4th annual Stocktoberfest is set. Grab your tickets today before they sell out. (stocktoberfest.co)
Apple
- True innovation was scarce at the Apple ($AAPL) presentation except for TV. (lefsetz.com)
- Apple ($AAPL) is still strong even if it isn't reinventing new industries. (theverge.com)
Finance
- The reinsurance market has an oversupply problem. (wsj.com)
- Tech IPOs are scarce these days. (wsj.com)
Funds
- The case for funds that focus on female-led companies. (bloomberg.com)
- How did your smart-beta fund do in the current correction? (theirrelevantinvestor.wordpress.com)
- What is Dunn's Law and what does it say about the active/passive debate? (news.morningstar.com)
Economy
Earlier on Abnormal Returns
- Podcast links: unpredictable social moods. (abnormalreturns.com)
- What you may have missed in our Thursday linkfest. (abnormalreturns.com)
