Book review: No One Ever Told Us That: Money and Life Lessons for Young Adults by John D. Spooner is full of “worthwhile advice” for people in their 20s and 30s. (New York Times)
Quote of the Day
"Running money publicly and going on the record with investors about individual stocks is really difficult. It introduces new elements of difficulty into an already difficult game."
(Joshua Brown)
Markets
- The best six months for the stock market starts....now. (marketwatch.com)
- The opportunity in discounted close-end funds. (investmentnews.com)
- Hedge funds have piled into silver. (shortsideoflong.com)
- The time is right for BDCs. (etftrends.com)
- Another list of Cramer stock picks. Another disappointment. (evidenceinvestor.co.uk)
Strategy
- GDP growth does not predict stock market returns. (blog.alphaarchitect.com)
- High quality bonds are still an effective diversifier. (vanguardinstitutionalblog.com)
- Ten poorly thought-out investment theses. (theirrelevantinvestor.wordpress.com)
- Why short selling individual stocks is so difficult. (thelongshorttrader.com)
Offers
- Amazon is still selling the new Kindle Fire tablet for $49.99 including a buy five, get one free deal. (amzn.to)
- Modern Trader Magazine—the essential journal for professional traders and active investors. Check out this special subscription offer including a free investment classic! (moderntrader.com)
Companies
- Interesting move. Jack Dorsey is giving 1/3 of his Twitter ($TWTR) stock to employees. (qz.com)
- Get used to Amazon ($AMZN) being a profitable company. (wired.com)
- Why turning around Yahoo ($YHOO) is so difficult. (fortune.com)
- Does the AB Inbev ($BUD) deal for SAB Miller make financial sense? (aswathdamodaran.blogspot.com)
- Would Peter Lynch dig Fitbit ($FIT)? (bloombergview.com)
Finance
- JP Morgan ($JPM) and Motif are teaming up to bring IPOs to the masses. (tradestreaming.com)
- Uber and the bear market in NYC tax medallion prices. (wsj.com)
- A profile of Andrew Left of short-selling focused Citron Research. (wsj.com)
- Three ways to offset the challenges of largely automated markets. (ft.com)
Funds
- The ETF Deathwatch for October 2015. (investwithanedge.com)
- How much rope should you give your manager to hang him or herself? (humblestudentofthemarkets.blogspot.com)
Global
- Swiss bond yields are getting really negative. (ft.com)
- The challenge facing frontier market borrowers. (ft.com)
- El Nino is back. (bloomberg.com)
Economy
- Has US industrial production bottomed already? Thoughts on the October PMI. (capitalspectator.com)
- Weekly initial unemployment claims are at multi-decade lows. (calculatedriskblog.com)
- Renting or buying, young adults are getting squeezed by housing costs. (slate.com)
- Why aren't there more self-employed? (blogs.wsj.com)
Earlier on Abnormal Returns
- Podcast links: what comes after the smartphone. (abnormalreturns.com)
- My emerging markets-related chart was included in this mega-post from Business Insider. (businessinsider.com)
- Longform links: the story of Steve Jobs. (abnormalreturns.com)
- A podcast-filled post up over at Enterprising Investor: AMC, Apple and Twitter. (blogs.cfainstitute.org)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)
