Book review: There is a lot to like in Jeremy Miller’s Warren Buffett’s Ground Rules: Words of Wisdom from the Partnership Letters of the World’s Greatest Investor. (Hurricane Capital)
Quote of the Day
"I urge you to abandon the view that sell-side equity research is about the pursuit of objective truth for its own sake, and reconcile yourself to the possibility that it is basically about selling stock and helping institutional investors get access to corporate management."
(Matt Levine)
Hedge funds
- Some notes from the 2016 SALT conference. (marketfolly.com)
- Hedge funds are looking closely at AI to help keep an edge in the markets. (ft.com)
- Three lessons from the rise (and fall) of hedge funds. (news.morningstar.com)
Offers
- Subscribe today to Modern Trader magazine and get four bonus offers including an extra month free. (moderntrader.com)
- Who doesn't like to laugh? Then sign up for a free trial to SEESO 'where the best comedy lives.' (amazon.com)
Companies
- Yahoo ($YHOO) is disappointed what bidders are willing to pay for its core business. (wsj.com)
- Five big tech companies hold some $500 billion in cash on the balance sheet. (next.ft.com)
- What companies have the most stable earnings growth? (crossingwallstreet.com)
Finance
- You probably haven' heard of the Public Finance Authority a big bond issuer. (bloomberg.com)
- Back to the future: the BOX Options Exchange is opening a new open-outcry pit. (bloomberg.com)
- Should lending platforms, their employees, and their board members be permitted to lend on their platforms directly or through hedge funds? (finalternatives.com)
Career
- Six lessons learned from working three months in a big investment office. (institutionalinvestor.com)
- Seven career paths in behavioral finance. (nocturnecapital.com)
Funds
- The two big low-vol ETFs go about their business very differently. (bloomberg.com)
- The SEC is taking a closer look at the entire 'life cycle' of ETFs. (marketwatch.com)
Billions
- How "Billions" accurately captures what happens on Wall Street. (medium.com)
- You can sign-up for a free trial to Showtime via Amazon Prime here: (amazon.com)
Economy
- The Fed minutes are noise. (alephblog.com)
- Why the US Treasury should issue 50-year bonds. (bloomberg.com)
Earlier on Abnormal Returns
- Podcast links: P2P puffery. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Our round-up of book related links from the past (May) month. (abnormalreturns.com)
