Book notes: 10 management lesson from Sir Alex Ferguson co-author of Leading: Learning from Life and My Years at Manchester United. (Marketwatch)
Quote of the Day
"Some of the biggest future breakthroughs look absurd and useless today."
(Morgan Housel)
Markets
- The recent rally has been led by junky stocks. (theirrelevantinvestor.wordpress.com)
- Gold and silver want to break their long downtrends. (shortsideoflong.com)
- Lessons learned from some disappointing stock picks. (alephblog.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)
- Greg Ip's new book "Foolproof: Why Safe Can Be Dangerous and How Danger Makes Us Safe" is getting good reviews. (amzn.to)
Companies
- Amazon ($AMZN) is going to take on Etsy ($ETSY). (nytimes.com)
- James Surowiecki, "The Turing scandal has shown just how vulnerable drug pricing is to exploitative, rent-seeking behavior." (newyorker.com)
- Why did US companies miss the "fast fashion" movement? (ft.com)
Goldman
- Goldman Sachs ($GS) is going to start posting its earnings to Twitter ($TWTR) and bypass the newswires. (wsj.com)
- How Goldman Sachs ($GS) is approaching the ETF business. (etf.com)
Global
- Abenomics is doing better than you think. (wsj.com)
- China's Yelp and Groupon just merged. (money.cnn.com)
- China's stock market has kind of gotten back to normal. (ftalphaville.ft.com)
Economy
- Weekly initial unemployment claims continue at low levels. (calculatedriskblog.com)
- How has the jobs recovery been adjusted for population? (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Longform links: disruptive innovations. (abnormalreturns.com)
- Business models matter: be a skeptical and attentive investor. (abnormalreturns.com)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)
- On the importance of acquiring investment discipline by any means possible. (abnormalreturns.com)
