Book review: Ashvin Chhabra’s book The Aspirational Investor is “smart” and Fred Wilson is “enjoying it very much.” (A VC)
Quote of the Day
"Markets are not easy to beat when you consider all the risks. Ironically, many investors in smart beta or other actively managed funds pay higher expense ratios in order to underperform."
(Gary Antonacci)
Markets
- 2016's market drop is not much in the realm of market declines. (awealthofcommonsense.com)
- Beware investors who say they can effectively do sector rotation. (thereformedbroker.com)
Offers
- Sonos speakers don't often go on sale. Now they are: (amazon.com)
- You can sign up for an Amazon Third Party Video Subscriptions Free Trial. (amazon.com)
- Try an Audible.com trial and get two free books including "The Inevitable: Understanding the 12 Technological Forces That Will Shape Our Future" by Kevin Kelly. (amazon.com)
LinkedIn-Microsoft
- Someone was tipped off to the LinkedIn ($LNKD) deal. (fortune.com)
- Will Microsoft ($MSFT) break LinkedIn ($LNKD)? (bloomberg.com)
- Why Microsoft ($MSFT) is borrowing the money to buy LinkedIn ($LNKD). (bloomberg.com)
- Why the LinkedIn ($LNKD) deal makes perfect sense. (sumzero.com)
- Why LinkedIn ($LNKD) became a big business. (strategy-business.com)
- Each LinkedIn ($LNKD) member is worth about $250 a pop. (inc.com)
Companies
- What Microsoft ($MSFT) and Apple ($APPL) have in common at this point. (stratechery.com)
- Online retailers are taking a bite out of Mattress Firm ($MFRM) sales. (jeffmatthewsisnotmakingthisup.blogspot.com)
- Will Apple ($AAPL) ever successfully move beyond the device? (nytimes.com)
Finance
- The sell-side is losing relevance. (tabbforum.com)
- Why do companies that have left the US for tax purposes still get perks? (wsj.com)
On sale
- Amazon Fire 7" Tablets are currently $10 off, starting at $39.99. (amazon.com)
- The Amazon Kindle and Kindle Paperwhite are currently $20 off. (amazon.com)
Funds
- Three ways to change hedge fund fees for the better. (next.ft.com)
- Poor performance and fee pressures: the bad news continues for hedge funds. (nytimes.com)
- Core aggregate bonds funds are not effectivley diversified. (blog.thinknewfound.com)
- Why a lack of seed money is good for ETFs. (etf.com)
Global
Economy
- Retail sales were up nicely in May. (capitalspectator.com)
- The jobs market is still growing nicely. (bloomberg.com)
- The Fed has to address falling inflation expectations. (economistsview.typepad.com)
- Why isn't weak productivity growth hurting US equities? (next.ft.com)
- One of the reasons why home prices are going up is Americans are buying bigger homes. (nytimes.com)
Earlier on Abnormal Returns
- John Oliver on the scandal of today's expensive (and complicated) 401(k) plans. (abnormalreturns.com)
- Startup links: increasingly dense. (abnormalreturns.com)
- Research links: still evolving. (abnormalreturns.com)
- A successful end to the Abnormal Returns 10:10 Campaign for charity: water. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
