Book review: Jeff Gramm’s Dear Chairman: Boardroom Battles and the Rise of Shareholder Activism “offers a unique entry into a previously underrepresented niche in the library of finance.” (Market Folly)
Quote of the Day
"A blockchain is just a parliament without a parliamentarian."
(Steve Randy Waldman)
Markets
- The S&P 500 is not broadly overvalued. (valueplays.net)
- The yield curve continues to flatten. (bespokepremium.com)
Strategy
- Warren Buffett made his reputation before he ever bought Berkshire Hathaway ($BRKA). (theirrelevantinvestor.com)
- Cameron Hight, "Organizations cannot improve without systematic and data-driven assessments of their personnel." (blog.alphatheory.com)
Offers
- Modern Trader magazine hits its stride with the latest issue on managed futures. (moderntrader.com)
- Still haven't caught up with "Billions" or "Roadies" on Showtime. Start a free-trial now! (amazon.com)
- Sign up for Audible.com and get two free books including Jonah Berger's Invisible Influence: The Hidden Forces That Shape Behavior Audible." (amazon.com)
Companies
- Apple ($AAPL) Music is doing just fine. (asymco.com)
- This Lululemon ($LULU) story is just weird. (thestreet.com)
- Sling TV makes the Apple ($AAPL) TV way more useful for cord cutters. (time.com)
Finance
- Why Uber keeps raising so much money. (nytimes.com)
- One area where humans still matter: big block equity trades. (bloomberg.com)
- Now the hard part for IEX Group. (wsj.com)
- Hedge fund incentives should have a hurdle rate. (allaboutalpha.com)
Funds
Economy
Earlier on Abnormal Returns
- Startup links: a robust ecosystem. (abnormalreturns.com)
- Our Q&A with Jack Schwager author of "Market Wizards" books and co-founder of FundSeeder. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Our book link round-up for June is up. (abnormalreturns.com)
