Book notes: The 19th century was rife with financial conspiracies. According to Janet Tavakoli, William Worthington Fowler’s Twenty Years of Inside Life in Wall Street or Reflections of the Personal Experience of a Speculator is “a joy to read.” (The Financial Report)
Quote of the Day
"Successful investors are intellectually curious and constantly seeking educational opportunities. They are analytical and appreciate the value of thorough research. They understand their own risk tolerances and use that self-awareness to develop robust portfolio management strategies uniquely tailored specifically to them."
(Grayson Roze)
Chart of the Day
For what it is worth crude oil is historically cheap relative to gold.
Markets
- Financials had a good week, last week. (stockcharts.com)
- Why do US stocks still settle T+3? (wsj.com)
Strategy
- Innovation doesn't always benefit shareholders. (fortunefinancialadvisors.com)
- An interview with Jesse Felder. (tradermentality.com)
Value investing
- On the danger of investing in 'cigarette butts.' (investingcaffeine.com)
- Value doesn't always get reflected right away: the case of GoPro ($GPRO). (institutionalinvestor.com)
Offers
- Have you checked out "Outlander" yet on Starz? If not sign up for a free trial to Starz on Amazon. (amazon.com)
- Show Mom you care this year. Give her the gift of Amazon Prime. (amazon.com)
Companies
Economy
- Gen X took it on the chin income-wise in the Great Recession. (qz.com)
- The Billion Prices Project is generating good data. (papers.ssrn.com)
- What CEOs had to say about the economy this week on earnings conference calls. (skrisiloff.tumblr.com)
- A succinct summary of the week's economic events. (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 missed in our Saturday linkfest. (abnormalreturns.com)
