Book notes: The Silo Effect: The Peril of Expertise and the Promise of Breaking Down Barriers by Gillian Tett is ‘sharp, insightful, and concise.” (strategy+business)
Quote of the Day
"Get out of your own way. The biggest enemy of the investor is themselves."
(Barry Ritholtz)
Strategy
- Small cap outperformance: in search of a real-time track record. (theirrelevantinvestor.wordpress.com)
- On the insidious nature of hindsight bias in investing. (seeitmarket.com)
- Was there anything to be done to avoid the MLP disaster? (managed-futures-blog.attaincapital.com)
- Two-step investment bets are usually a bad idea. (aqr.com)
Offers
- Sign up for a free trial from Audible.com and get two free audiobooks like "Misbehaving: The Making of Behavioral Economics." (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)
Apple
- Apple's ($AAPL) Q4 earnings in charts. (qz.com)
- Sizing up the Apple ($AAPL) TV. (sixcolors.com)
- Apple ($AAPL) should buy a university. (marginalrevolution.com)
- Twitter ($TWTR) is having a hard time attracting new users. (buzzfeed.com)
- Some (interesting) advice for Twitter ($TWTR). (interfluidity.com)
Finance
- How Goldman ($GS) and Morgan Stanley ($MS) are wooing the current crop of startups. (ft.com)
- Valeant Pharmaceuticals ($VRX) and the challenges of cloning hedge fund positions. (nytimes.com)
- How bond trading startup TruMid plans to enhance liquidity. (businessinsider.com)
- Carl Icahn is urging a break up of AIG ($AIG). (nytimes.com)
ETFs
- The logic behind State Street ($STT) and Invesco ($IVZ) launching their own robo-advisors. (investmentnews.com)
- The knives are out for the ETF industry. (ft.com)
Global
- Abenomics is doing just fine. (bloombergview.com)
- Are emerging markets already responding to Fed rate hikes? (econbrowser.com)
- China's steel industry is in distress. (businessinsider.com)
Economy
- The market has pushed off a Fed rate hike well into 2016. (shortsideoflong.com)
- Expectations for Q3 GDP are still too high. (capitalspectator.com)
- An explanation for the mysterious rise in the prime age non-working population. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Personal finance links: minimizing errors. (abnormalreturns.com)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)
- A round-up of all our book-related posts over the past month. (abnormalreturns.com)
