Book review: DIY Financial Advisor: A Simple Solution to Build and Protect Your Wealth by Wes Gray, Jack Vogel and David Foulke is “well constructed, researched, concise, and accessible for professionals and inexperienced investors.” (Scott’s Investments)
Quote of the Day
There's so much selling of complexity in the investment business (and of alleged mastery of that complexity). No payoff for much of it.
(Tom Brakke)
Markets
- Flushed out? Emerging markets have caught a bid. (thereformedbroker.com)
- Markets are trendless a lot of the time. (theirrelevantinvestor.wordpress.com)
- Just how badly is the high yield market going to suffer from energy-related defaults? (ftalphaville.ft.com)
Strategy
- Why you can't really give up on bonds. (theirrelevantinvestor.wordpress.com)
- On the importance of continuity in portfolio management. (awealthofcommonsense.com)
- What is the right allocation to alternatives? (managed-futures-blog.attaincapital.com)
Offers
- A $50 tablet? You betcha. Check out the new Amazon Fire tablet with a buy 5 get one free deal. (amzn.to)
- Get Karma Go from @yourKarma and take WiFi with you everywhere. Use my code for $10 off yours! (yourkarma.com)
- Sign up for your domain at Hover. Great customer service and $2 off. (hover.com)
Companies
- American Express ($AXP) has a Costco ($COST) problem. (bloomberg.com)
- Apple ($AAPL) is widening its use of RSUs. (washingtonpost.com)
- It's hard to see how an AB Inbev ($BUD) deal for SAB Miller goes through unscathed. (ft.com)
Finance
- Weren't Fannie and Freddie supposed to go away? Why they are still here. (washingtonpost.com)
- Dual class shares are the hot new thing for tech IPOs. (ft.com)
- Y Combinator is inching towards becoming a full spectrum VC. (wsj.com)
Funds
- Things are getting kind of meta. A proposed ETF will choose stocks based on "Twitter sentiment." (marketwatch.com)
- Your muni portfolio has way too short a duration. (blogs.barrons.com)
- Hedge funds are dropping like flies. (etf.com)
Economy
- Real retail sales are still rising. (bonddad.blogspot.com)
- Industrial production fell in September. (calculatedriskblog.com)
- No matter how you slice it inflation is running around 2%. (scottgrannis.blogspot.com)
Earlier on Abnormal Returns
- What you may have missed in our Thursday linkfest. (abnormalreturns.com)
- Podcast links: onion ownership. (abnormalreturns.com)
