Book notes: Why women should run household finance. Insights from Kimberly Palmer’s Smart Mom, Rich Mom: How to Build Wealth While Raising a Family. (NYTimes)
Quote of the Day
"So when you choose what to do, don’t focus on the end point. Instead, focus on whether you like the work itself. Not only will you be more likely to reach your goal, even if you don’t arrive at that end point, you will have had a joyful life."
(Raghuram Rajan)
Strategy
- The stock market provides us way too much feedback. (basonasset.com)
- Due diligence is about creating your own narrative. (blogs.cfainstitute.org)
- How media blows thing out of proportion. (ritholtz.com)
Offers
- Subscribe to Modern Trader and one free month, the MT app and access to all past issues. (moderntrader.com)
- Get Mom something she really wants: the gift of Amazon Prime. (amazon.com)
- You can get a Kindle Paperwhite for $20 off for a limited time. (amazon.com)
Companies
- The real lesson of the Valeant ($VRX) debacle. (thinkadvisor.com)
- Nothing Twitter ($TWTR) is doing is working. (theverge.com)
- Breaking down Apple's ($AAPL) Q2 earnings the hope for 2017. (sixcolors.com)
- SoulCycle is all about the brand. (institutionalinvestor.com)
Corporate decline
- Only two companies still have AAA credit ratings from S&P. (qz.com)
- What the decline of ExxonMobil ($XOM) and Apple ($AAPL) say about economy and society. (time.com)
Finance
- Merger arb is hot again. (bloomberg.com)
- When analysts roll over. (jeffmatthewsisnotmakingthisup.blogspot.com)
Fintech
- Even young fintech companies can run into legal trouble. (ftalphaville.ft.com)
- Fintech is still gaining traction. (knowledge.wharton.upenn.edu)
Funds
- Charles Schwab ($SCHW) to cease selling load funds. (wsj.com)
- Investors are flocking to low-cost funds. (blogs.barrons.com)
Global
Earlier on Abnormal Returns
- Personal finance links: great advisors. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
