Book review: Good for the Money: My Fight to Pay Back America by Robert Benmosché with Peter Marks and Valerie Hendy is a “fitting tribute.” (Reading the Markets)
Quote of the Day
"This is not to say that hedging currency risk has zero merit, but I believe that investors (and indexes) have a near-zero chance of regularly and effectively timing currency movements."
(Ben Johnson)
Chart of the Day
While you weren’t paying attention the S&P 500 is hovering around a 15-week high.
Strategy
- Ten lessons learned from Steve Jobs on trading and life. (ivanhoff.com)
- Does size still matter? (capitalspectator.com)
Offers
- Still haven't caught up with Showtime's "Billions"? Sign up for a free-trial to Showtime via Amazon. (amazon.com)
- Try Audible.com and get two free books in the process including "When Breath Becomes AIr" by Paul Kalathini. (amazon.com)
Companies
- The market has no idea how to value Tesla ($TSLA). (awealthofcommonsense.com)
- What's Yahoo ($YHOO) really worth on a sum-of-the-parts basis? (blogs.barrons.com)
- Teens still want Apple ($AAPL) iPhones. (loopinsight.com)
- Apple ($AAPL) is still cheap. (charlessizemore.com)
- Did you know Nathan's Famous ($NATH) was public? (crossingwallstreet.com)
Funds
- Unconstrained bond funds aren't worth the risk. (mutualfunds.com)
- There is more to indexing than broad index funds. (etf.com)
- Be careful how much you are paying for active share. (econompicdata.blogspot.com)
Kindle
- Which Kindle is right for you? (time.com)
- Check out all of Amazon's ($AMZN) Kindles including the Oasis here. (amazon.com)
- Is there a market for a $290 Amazon ($AMZN) Kindle e-reader? (slate.com)
Global
Economy
Earlier on Abnormal Returns
- Personal finance links: overpaying for asset management. (abnormalreturns.com)
- Steph Curry, Michael Jordan and the equity risk premium. (abnormalreturns.com)
- Hard work, good luck and life's potholes. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- A Q&A with Matt Hall author of "Odds On: The Making of an Evidence-Based Investor."* (abnormalreturns.com)
