Book list: A summer reading list from Barry Ritholtz including Investment: A History by Norton Reamer and Jesse Downing. (Bloomberg)
Quote of the Day
"Confirmation bias is one of the great scourges of investing. A prerequisite to having a strong opinion about anything in markets is the ability to state the opposing side's view as well as they can."
(Morgan Housel)
Markets
- Demand for high yield assets is peaking out. (thefelderreport.com)
- Bank stocks are rallying again. (blogs.barrons.com)
- Equity returns over the past decade have been nothing special. (capitalspectator.com)
Strategy
- How checklists help investors avoid mistakes. (latticework.com)
- Losers average losers. (theirrelevantinvestor.com)
- Four investing lessons from Andy Grove. (blogs.cfainstitute.org)
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)
- Paul Tough's new book "Helping Children Succeed: What Works and Why" for free. (amazon.com)
Companies
- HP Enterprises ($HPE) is spinning off its services business to Computer Sciences Corp. ($CSC). (wsj.com)
- Recent changes aside, Twitter ($TWTR) is still broken. (aleenmean.com)
Hedge funds
- Miles Johnson, "Hedge funds were once the domain of outsiders, rather than insiders." (next.ft.com)
- Point72 is formally defining a career ladder for aspiring portfolio managers. (finance.yahoo.com)
Finance
- Goldman Sachs ($GS) is launching a fund to buy stakes in PE firms. (wsj.com)
- Pension funds are using way too optimistic return assumptions. (awealthofcommonsense.com)
Funds
Eero
- Uptake for Eero a new home wi-fi system has been strong. (recode.net)
- You can get Eero here: (amazon.com)
Economy
- Urban living has become a luxury good. (bloomberg.com)
- Should the Fed tolerate 5% unemployment? (economistsview.typepad.com)
Earlier on Abnormal Returns
- Personal finance links: too man cooks. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- How much attention should you pay to what McKinsey has to say about the markets? (abnormalreturns.com)
