Book notes: Cullen Roche says The Devil’s Financial Dictionary by Jason Zweig is “witty and brilliant.” (Pragmatic Capitalism)
Quote of the Day
"I used to think being great at investing long-term was about genius...Genius is still good, but more and more I think it's about doing something reasonable, that makes sense, and then sticking to it with incredible fortitude through the tough times."
(Cliff Asness)
Markets
- Is the energy sector a "buy"? (capitalspectator.com)
- 10 high conviction picks from the ultimate stock pickers. (news.morningstar.com)
Strategy
- Individuals vs. Institutions: who has the upper hand? (qoppac.blogspot.com)
- Josh Brown, "Investors attempting to be the best must be willing to be the worst." (thereformedbroker.com)
Offers
- Join Amazon Prime now. You will use it with the holiday season coming up. (amazon.com)
- Sign up for Audible.com and get two free books including "Living with a SEAL: 31 Days Training with the Toughest Man on the Planet." (amzn.to)
- Get Karma Go from @yourKarma. Take WiFi with you everywhere. Use my code for $10 off yours. (yourkarma.com)
Companies
Finance
- The end of non-traded REITs is nigh. Hallelujah! (thereformedbroker.com)
- IEX's application to become an exchange has attracted a lot of (hypocritical) opposition. (nytimes.com)
ETFs
- Ugh. Blackrock ($BLK) wants to launch non-transparent ETFs. (wsj.com)
- We will not see NextShares until next year. (blogs.barrons.com)
Economy
- What does a 0.2% CPI mean for the Fed? (crossingwallstreet.com)
- Industrial production fell in October. (calculatedriskblog.com)
- Homebuilders are still pretty confident. (calculatedriskblog.com)
- Why do so many people hate this economic recovery? (bloombergview.com)
- What's different about this housing boom? (frbsf.org)
Earlier on Abnormal Returns
- Startup links: spray and pray. (abnormalreturns.com)
- What you may have missed in our Monday linkfest. (abnormalreturns.com)
