Book notes: Why you want to live around smart people. Insights from Garett Jones’ Hive Mind: How Your Nation’s IQ Matters So Much More Than Your Own. (Quartz)
Quote of the Day
"If you're not developing things, breaking things, and using your frustration to make things better, you're moving too slow. Real failure occurs when markets change faster than we do."
(Brett Steenbarger)
Markets
- Both stock and bond markets are experiencing higher than normal volatility. (statisticalideas.blogspot.com)
- Investors have "sweaty palms" waiting for the Fed to act. (investingcaffeine.com)
- The four weakest stocks in the Dow. (blog.afraidtotrade.com)
- Butter prices are plummeting. (bloomberg.com)
Strategy
- Fixating on day-to-day market moves will drive crazy. (dashofinsight.com)
- What can you learn from the recent oil bust? In short, think about the alternative. (wsj.com)
- Why it's okay to be confused. (awealthofcommonsense.com)
- Where investable ideas come from. (stockcharts.com)
- Great traders review their trades, both good and bad. (smbtraining.com)
Offers
- For a limited time Amazon is offering 25% off of any print book including "Foolproof" or "The Devil's Financial Dictionary." (amzn.to)
- MODERN TRADER Magazine—the essential journal for professional traders and active investors. Get one of five investment classics with this special subscription offer! (moderntrader.com)
- An extra lighting cable makes a great stocking stuffer! (amzn.to)
Dow-DuPont
- Credit the Dow ($DOW)-DuPont ($DD) deal to activist investors. (wsj.com)
- The agriculture chemical market will get even more concentrated due to the deal. (nytimes.com)
Companies
- Why Costco ($COST) is unique among retailers. (businessinsider.com)
- 20% of America's largest companies have zero inventory. (blackrockblog.com)
- The MLP industry is going to undergo a "painful transition" in how they finance their businesses. (blackrockblog.com)
- Why Apple ($AAPL) chose to make the Smart Battery Case for the iPhone 6s. (daringfireball.net)
Funds
- What to do if you are invested in the Third Avenue Focused Credit Fund? (alephblog.com)
- Is my high yield bond fund in trouble? (thereformedbroker.com)
Global
Economy
- What CEOs are saying about the economy and preparing the Fed. (skrisiloff.tumblr.com)
- Why Fed officials rarely talk about political issues outside their purview. (cbsnews.com)
- A succinct summary of the past week in the economy. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you may have missed in our Saturday linkfest. (abnormalreturns.com)
- A house is an asset not an investment. (abnormalreturns.com)
