Book review: Investment: A History by Norbert Reamer and Jesse Downing tackle adeptly the long history of investment. (Institutional Investor)
Quote of the Day
"Forecasts are intellectually seductive because they give us answers to pressing problems. "Tell me where I'm going to die, so I won't go there" the saying goes. But forecasting is mostly an exercise in taking the recent past and extrapolating it into the future in a straight line."
(Morgan Housel)
Markets
- Buybacks have been a big part of the market's performance over the past 7 years. (thereformedbroker.com)
- BATS is launching a $VIX competitor. (blogs.wsj.com)
- Is it finally time to load up on value stocks? (blog.alphaarchitect.com)
Amazon Echo
- The Amazon ($AMZN) Echo may be the next big product like the Apple ($AAPL) iPhone. (nytimes.com)
- You can get an Amazon Echo here: (amzn.to)
- The Echo shows Amazon can learn from its mistakes. (forbes.com)
Companies
- United Continental ($UAL) has attracted a raft of activists. (fortune.com)
- Berkshire Hathaway ($BRKB) is doing a big bond deal to acquire Precision Castparts. (blogs.wsj.com)
Finance
- Seven insights from the 2015 IPO market. (blogs.wsj.com)
- How fintech can change finance. (next.ft.com)
Funds
- Why strategic beta is here to stay. (news.morningstar.com)
- Why managers push 'alternative asset' ETFs. (etf.com)
Global
- A look at China's dwindling currency reviews. (econbrowser.com)
- Much of India still cannot get online. (money.cnn.com)
Economy
- Are we "due" for a recession? (theirrelevantinvestor.com)
- Demographics still point toward a stronger housing market. (calculatedriskblog.com)
- Short men and overweight women get the short end of the salary stick. (washingtonpost.com)
Offers
- For a limited time you can get a Kindle of Kindle Paperwhite for $20 off. (amzn.to)
- Try Audible.com and Get Two Free Audiobooks including "When Breath Becomes Air." (amazon.com)
- You can join Kindle Unlimited for a 30-day trial and read to your heart's content. (amazon.com)
- The Amazon Fire HD 6 is $30 off today. (amzn.to)
Earlier on Abnormal Returns
- Personal finance links: atrocious annuities. (abnormalreturns.com)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)
- Abnormal Returns was mentioned among the top 20 blogs for investors. (thecollegeinvestor.com)
