Book review: The Most Dangerous Trade: How Short Sellers Uncover Fraud, Keep Markets Honest, and Make and Lose by Richard Teitelbaum is “hard to put down.” (Reading the Markets)
Quote of the Day
"The art of being wise is the art of knowing what to overlook."
(William James)
Markets
- The QE uptrend is broken. (thereformedbroker.com)
- REITs and Utilities loved the idea of the Fed on pause. (capitalspectator.com)
- The stock market drops, stock correlations spike. (bloomberg.com)
Strategy
- Active management should be systematic and cost effective. (theirrelevantinvestor.wordpress.com)
- Brett Steenbarger, "It is difficult to play to our cognitive strengths if we are not aware of them." (forbes.com)
Offers
- ETFreplay.com is offering a special subscription deal for Abnormal Return readers. (abnormalreturns.com)
- Modern Trader Magazine—the essential journal for professional traders and active investors. Check out this special subscription offer including a free investment classic! (moderntrader.com)
- Why bother buying a case when Amazon ($AMZN) is selling Fire tablets for $49.99? (amzn.to)
Companies
- Alibaba's ($BABA) lockup has expired. (bloomberg.com)
- Why Google ($GOOG) should be worried about Amazon ($AMZN). (businessinsider.com)
- Why CEO comebacks are usually a disappointment. (newyorker.com)
Finance
Funds
- What funds Morningstar ($MORN) has in its 401(k) plan. (news.morningstar.com)
- When a star fund manager leaves it can be a disaster if handled poorly. (bloombergview.com)
- High yield bonds and bank loans are not the same thing. (blog.abglobal.com)
- Closed-end bond funds are trading at steep discounts. (ft.com)
Global
Earlier on Abnormal Returns
- Research links: a taxing disappointment. (abnormalreturns.com)
- Simple investment strategies fortify us to face the emotional volatility inherent in markets. (abnormalreturns.com)
- What you may have missed in our Sunday linkfest. (abnormalreturns.com)
