Book notes: The End of Accounting and the Path Forward for Investors and Managers by Baruch Lev and Feng Gu proposes wholesale changes in the way accounting deals with intangible assets. (Barron’s)
Quote of the Day
"The asset-management industry has blasted its spaghetti cannon, with investors playing the role of the wall."
(Ben Johnson)
Markets
Strategy
- Why investors are often positioned incorrectly at pivot points. (ivanhoff.com)
- Why investors have plenty to be grateful for. (sharpereturns.ca)
- Some favorite financial market follows on StockTwits. (seeitmarket.com)
Offers
- Modern Trader magazine hits its stride with the latest issue on managed futures. (moderntrader.com)
- Cut the cord. Save $15 on Fire TV. (amazon.com)
- Sign up for Audible.com and get two free books including Jonah Berger's Invisible Influence: The Hidden Forces That Shape Behavior Audible." (amazon.com)
- A Twitter ($TWTR) deal seems inevitable. (nytimes.com)
- What will Twitter ($TWTR) be worth when its gets scooped up? (vanityfair.com)
Funds
- Unconstrained bond funds are garnered a collective should shrug. (wsj.com)
- Which big emerging market ETF is best for you? (etf.com)
Global
Brexit
- If you are nervous about your British stocks due to Brexit you should probably sell them anyway. (valueandopportunity.com)
- Brexit shouldn't scare US investors. (valueplays.net)
- Nobody really knows what Brexit would mean for the UK economy. (fivethirtyeight.com)
Economy
- Negative interest rates ARE the market clearing rate. (brontecapital.blogspot.com.au)
- The Fed knows as little as you about where the economy is going. (alephblog.com)
- Why don't we have a universal basic income? (newyorker.com)
Offers
- Sonos speakers don't often go on sale. Now they are in time for Father's Day. (amazon.com)
- The tablet that costs as little as a book the Amazon Kindle Fire 7" is currently on sale. (amazon.com)
Earlier on Abnormal Returns
- Podcast links: invisible influences. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- John Oliver on the scandal of today's expensive (and complicated) 401(k) plans. (abnormalreturns.com)
