Book review: The simple message of Tim Maurer’s Simple Money: A No-Nonsense Guide to Personal Finance is “highly recommended.” (ETF)
Quote of the Day
"Given the cost-effectiveness of the strategy, individual investors will not abandon index funds any time soon. But perhaps we shouldn’t be shocked if an investment method that encourages us to use as little discernment as possible ends up being too good to be true."
(James Ledbetter)
Strategy
- The argument for sitting on your hands. (psyfitec.com)
- There are many ways to be wrong as an investor. (awealthofcommonsense.com)
- Our investing goals are long-term, however we live day-to-day. (thinkadvisor.com)
Amazon Echo
Companies
- A look at the changing Apple ($AAPL) iPhone user base. (aboveavalon.com)
- Twitter ($TWTR) is shoveling restricted stock out the door to keep employees on board. (wsj.com)
- Square ($SQ) is doing alright. (nytimes.com)
Finance
- SoFi is launching a hedge fund to invest in P2P loans. (bloomberg.com)
- Why has the value of the LSE gone up 7x in 7 years? (next.ft.com)
Funds
- How ETFs work. (bloomberg.com)
- Mutual funds are pushing back against new SEC rules on cash. (nytimes.com)
Economy
- Weekly initial unemployment claims continue to trend at low levels. (calculatedriskblog.com)
- How to monitor recession risks. (capitalspectator.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
- Longform links: the ETF loophole. (abnormalreturns.com)
- A new edition of Essential Listening is up at the Enterprising Investor with takes on ETFs, income inequality and frequent flier miles. (blogs.cfainstitute.org)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)
