Book review: Superforecasting: The Art and Science of Prediction by Philip Tetlock and Daniel Gardner is “enlightening and entertaining.” (Institutional Investor)
Quote of the Day
"Investment professionals love complexity. That, combined with a lack of investor education, is how they make their profits."
(Robin Powell)
Markets
- The market eventually decides investment debates. (bloombergview.com)
- Revenue disappointments are rife. (thereformedbroker.com)
Strategy
- Should you have a "funny money" trading account? (awealthofcommonsense.com)
- Howard Marks on the parallels between investing and sports. (marketfolly.com)
Offers
- Sign up for a free trial from Audible.com and get two free audiobooks like "Superforecasting: The Art and Science of Prediction." (amazon.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)
Companies
- How much is Amazon ($AMZN) Web Services worth on its own? (techinsidr.com)
- The plot at Valeant Pharmaceuticals ($VRX) thickens. (wsj.com)
- David Einhorn has closed his St. Joe's ($JOE) short. (bloomberg.com)
Finance
- Is the public company model dying? (economist.com)
- A talk with the Winkelvii on the future of Bitcoin. (fool.com)
ETFs
- Behavioral finance has not been the salvation of actively managed funds. (etf.com)
- Five trends in the European ETF market. (etf.com)
Global
Economy
- US companies are warning about a slowing global economy. (wsj.com)
- A Fed rate hike is still on the table for 2015. (soberlook.com)
Earlier on Abnormal Returns
- Research links: basic backtesting. (abnormalreturns.com)
- A round-up of all our book-related posts over the past month. (abnormalreturns.com)
- What you may have missed in our Sunday linkfest. (abnormalreturns.com)
