Book notes: Jennifer Kahnweiler’s The Genius of Opposites: How Introverts and Extroverts Achieve Extraordinary Results Together is a primer on how to build successful teams. (FT)
Quote of the Day
"Inflation is a fact of life. A dollar buys less today than when you were a kid, and it will buy even less in the future. There’s no way around it. To maintain your current standard of living in the future, you’ll need to spend more than you do today." - via Systematic Relative Strength
(Bob French)
Chart of the Day
Hasbro ($HAS) investors have already anticipated strong Star Wars-related sales.
Markets
- All the major asset classes have negative year-over-year returns. (capitalspectator.com)
- Mean reversion in markets is not a guarantee. (mebfaber.com)
- It's been a tough year for IPOs. (bloomberg.com)
Strategy
- Do I really need to try to outperform the market? (awealthofcommonsense.com)
- The case for all-in-one mutual funds. (obliviousinvestor.com)
Offers
- ETFreplay.com is offering a special subscription deal for Abnormal Return readers. (goo.gl)
- You can still get the newly released "DIY Financial Advisor" by Wes Gray, Jack Vogel and David Foulke on discount at Amazon. (amazon.com)
- Time is running out to book a hotel room for the 4th annual Stocktoberfest. Don't miss out! (stocktoberfest.co)
Apple
- How an Apple ($AAPL) iPhone subscription product changes the game. (ben-evans.com)
- The tablet is still the future of computing. (wsj.com)
- A look at the new Apple ($AAPL) strategic era. (aboveavalon.com)
Finance
- Messaging service Symphony is building out its offerings. (ft.com)
- Most hedge funds don't last five years. (etf.com)
- Hedge funds are becoming big players in the muni bond market. (institutionalinvestor.com)
- Why reinsurance pricing is under pressure. (blogs.wsj.com)
Global
- China is looking to overhaul its "bloated" state companies. (wsj.com)
- Deep-pocketed investors are starting to bottom fish in Brazil. (ft.com)
- Emerging market monetary policy is tight. (blogs.ft.com)
- Sifting through the opportunity in emerging market bonds. (wsj.com)
Economy
- Why are oil prices as low as they are? (econbrowser.com)
- US trucks and trains are chugging along. (blog.yardeni.com)
Earlier on Abnormal Returns
- It's always fun to be a guest on TDI with Andrew Horowitz. We talked China, financial media and the Fed. (thedisciplinedinvestor.com)
- A special offer for Abnormal Returns readers from ETFreplay.com. (abnormalreturns.com)
- Research links: name changes. (abnormalreturns.com)
- What you may have missed in our Sunday linkfest. (abnormalreturns.com)
