Book excerpt: Carson Block is featured in excerpt from The Most Dangerous Trade: How Short Sellers Uncover Fraud, Keep Markets Honest, and Make and Lose Billions by Richard Teitelbaum. (Institutional Investor)
Quote of the Day
"Strategic-beta funds will not slip between the lip and the cup, in the sense that they will deliver what they promise. But what they promise is far from a neutral event."
(John Rekenthaler)
Markets
- Why this is not the start of a bear market. (humblestudentofthemarkets.blogspot.com)
- Brazil's stock market (and currency) have just gotten crushed. (shortsideoflong.com)
Strategy
- You need to educate yourself before you ever start backtesting. (adamhgrimes.com)
- How leverage can lead investors astray. (blog.alphaarchitect.com)
- Why do institutional investors typically default toward complexity? (awealthofcommonsense.com)
Offers
- 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)
- With Karma Go from @yourKarma you can take WiFi with you everywhere. Use my code for $10 off yours! (yourkarma.com)
Companies
- The Sumner Redstone discount at CBS ($CBS). (nytimes.com)
- Three companies that are experiencing notable insider buying. (deadcompanieswalking.tumblr.com)
- Should analysts have seen the Volkswagen debacle coming? (blogs.cfainstitute.org)
Apple
- Apple ($AAPL) really wants to sell you AppleCare+ for your new iPhone. (institutionalinvestor.com)
- How Force Touch will change iPhone apps. (blog.semilshah.com)
- How Apple ($AAPL) could approach auto making with a "fresh sheet of paper." (asymco.com)
Finance
- Corporate cash hoards hold a lot of corporate debt. (wsj.com)
- Wall Street has hijacked the so-called sharing economy. (ft.com)
- Of course the carried interest loophole is unfair. (city-journal.org)
Endowments
- The Yale endowment had a good year with venture capital. (nytimes.com)
- Just how bad has Harvard's endowment performed the past 7 years? (statisticalideas.blogspot.com)
ETFs
- The five most popular ETF launches YTD. (bloomberg.com)
- How to transform a market neutral equity strategy. (news.morningstar.com)
- An evaluation of Morningstar's ($MORN) 401(k) plan lineup. (bloombergview.com)
Economy
- Does the Fed understand how inflation works? (capitalspectator.com)
- Why there might be a cap on inflation in the future. (thereformedbroker.com)
- The US economy grew at 3.9% in Q2. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Podcast links: multi-disciplinary thinking. (abnormalreturns.com)
- What you may have missed in our Thursday linkfest. (abnormalreturns.com)
- A round-up of the book-related links from the past month. (abnormalreturns.com)
- My Fireside Markets talk with James Osborne of Bason Asset Management. (abnormalreturns.com)
- A special offer from ETFreplay.com for Abnormal Returns readers. (abnormalreturns.com)
