Book review: The Food Lab: Better Home Cooking Through Science by J. Kenji López-Alt pays obsessive attention to details. (New Yorker)
Quote of the Day
"So who does own a company? The answer is that no one does, any more than anyone owns the river Thames, the National Gallery, the streets of London, or the air we breathe. "
(John Kay)
Markets
- Silver is down 10 days in a row. (shortsideoflong.com)
- "Valuation matters. It just doesn’t matter all that much tomorrow or the next day." (thereformedbroker.com)
- It's time to start talking about inflation risks again to clients. (blogs.cfainstitute.org)
Offers
- The Amazon Echo is $30 off today only. (amzn.to)
- Give the gift of Amazon Prime this holiday season. Free movies, shows and music with free shipping to boot. (amazon.com)
Companies
- A number of big companies are going to have to change how leases are reflected on their balance sheets. (wsj.com)
- The AB Inbev ($BUD)-SABMiller deal is a go (for now). (bloomberg.com)
Berkshire Hathaway
- The case for Berkshire Hathaway ($BRKA) is grossly undervalued. (businessinsider.com)
- Is it moral to own stock in Coca-Cola ($KO)? (blogs.wsj.com)
Finance
- Why management loves share buybacks. (bloombergview.com)
- The #1 goal of hedge funds is to grow AUM. (ai-cio.com)
Funds
- The ETF price war continue with Charles Schwab ($SCHW) weighing in. (wsj.com)
- Mutual funds are cutting the value of their private investments. (nytimes.com)
- What is SnapChat worth? (pointsandfigures.com)
Economy
- Why the Fed is eager to raise rates now: surging consumer borrowing. (qz.com)
- Has the Fed waited too long? (economistsview.typepad.com)
- Inflation expectations can turn on a dime. (econbrowser.com)
- The Fed was once made up with bankers. Now it is filled with economists. (graphics.wsj.com)
- Five charts that show the labor economy is still improving. (bonddad.blogspot.com)
- Las Vegas is hot again. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Personal finance links: penny stock performance. (abnormalreturns.com)
- The whole basis for the hedge fund industry. (abnormalreturns.com)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)
