Book preview: Michael Lewis has a new book focusing on Kahneman and Tversky called The Undoing Project: A Friendship That Changed Our Minds. (NYTimes)
Quote of the Day
"Frustrating, dull markets eventually lead to good trading conditions. Don’t lose track of quiet markets."
(Adam Grimes)
Markets
- A chart overview of the global economy. (shortsideoflong.com)
- Avoid bubble calls based on limited/anecdotal evidence. (bloomberg.com)
Stocks
- 10 stocks the "ultimate stock pickers" are buying and selling. (news.morningstar.com)
- Notes from the 2016 London Value Investor Conference. (marketfolly.com)
Offers
- Sign up for Audible.com and get Angela Duckworth's "Grit: The Power of Passion and Perseverance" for free. (amazon.com)
- Sonos speakers don't often go on sale. Now they are: (amazon.com)
- Who doesn't like to laugh? Then sign up for a free trial to SEESO 'where the best comedy lives.' (amazon.com)
Companies
- Companies are planning on higher compensation expenses this year. (thereformedbroker.com)
- Did Dell go private on the cheap? It's complicated... (bloomberg.com)
Funds
- Blackrock's ($BLK) iShares unit is betting big on smart beta ETFs. (etf.com)
- A risk parity reading list. (blogs.cfainstitute.org)
Economy
- Weekly initial unemployment claims are still well below 300k. (calculatedriskblog.com)
- The May ADP private employment report shows in-line employment growth. (calculatedriskblog.com)
- Lower mobility should give states the ability to tax their wealthy. (slate.com)
Earlier on Abnormal Returns
- Longform links: dumpster diving. (abnormalreturns.com)
- Diversification, hindsight bias and leaving the past behind. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in May 2016. (abnormalreturns.com)
- The Abnormal Returns 10:10 Campaign is live: buy a limited-edition Abnormal Returns t-shirt and give clean water to those in need. (abnormalreturns.com)
Mixed media
