Book review: America’s Bank: The Epic Struggle to Create the Federal Reserve by Roger Lowenstein is an “engrossing read.” (Reading the Markets)
Quote of the Day
"The investment world, as with other fields, has its illusions--trends that appear, disappear, and reappear in altered form, giving the impression that they are new inventions, when instead they are merely manifestations of long-standing patterns."
(John Rekenthaler)
Markets
- The new investing generation doesn't watch CNBC or read Barron's. (howardlindzon.com)
- Emerging markets are cheap but are they investable? (thereformedbroker.com)
Strategy
- Commissions matter. (alephblog.com)
- You have to play momentum over the long run. (systematicrelativestrength.com)
- Fund survivorship is an underreported issue. (evidenceinvestor.co.uk)
- Things, like 'structured notes,' that sound better in theory than practice. (awealthofcommonsense.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
- Kohl's ($KSS) is pushing all the buttons to fight a decline in apparel. (fortune.com)
- Why the new Apple ($AAPL) TV will be a "big deal" for gaming. (polygon.com)
- Why the Apple ($AAPL) TV deserves to exist. (asymco.com)
Finance
- Chase ($JPM) is building an Apple ($AAPL) Pay competitor. (reuters.com)
- This is not the beginning of a joke...a priest that manages money. (wsj.com)
ETFs
- Beware CEFs run by celebrities, especially when they leave. (blogs.barrons.com)
- Comparing multi-factor ETFs is nearly impossible. (etfgurus.com)
Economy
- The US can't help itself from finding more natural gas. (blogs.wsj.com)
- Just how tight is the US labor market? (conversableeconomist.blogspot.com)
- Is the US going to import a recession? (bonddad.blogspot.com)
- Is the growth in agricultural productivity slowing? (jaysonlusk.com)
Earlier on Abnormal Returns
- Startup links: dead unicorns. (abnormalreturns.com)
- What you may have missed in our Monday linkfest. (abnormalreturns.com)
- A round-up of all our book-related posts over the past month. (abnormalreturns.com)
