Book review: Tensile Trading: The 10 Essential Stages of Stock Market Mastery by Gatis and Grayson Roze is great for those new to trading. (Reading the Markets)
Quote of the Day
"I’ve found that nurturing untapped potential is far more exhilarating than finding someone who has already peaked."
(Jason Fried)
Markets
Strategy
- The average investor does himself no favors. (mullooly.net)
- Not a whole lot has changed since Fred Schwed published "Where Are the Customer's Yachts?" (tonyisola.com)
Offers
- Modern Trader magazine hits its stride with the latest issue on managed futures. (moderntrader.com)
- Sign up for Audible.com and get two free books including Hope Jahren's "Lab Girl." (amazon.com)
- Still haven't caught up with "Billions" or "Roadies" on Showtime. Start a free-trial now! (amazon.com)
Companies
- The contrarian case for a Tesla ($TSLA)-SolarCity ($SCTY) tie-up. (vox.com)
- The Apple ($AAPL) Watch business is just getting going. (aboveavalon.com)
- Mondelez ($MDLZ) wants to buy Hershey ($HSY). (wsj.com)
Finance
- Nearly all US banks passed the Fed stress tests. (nytimes.com)
- Chicago has more high net worth individuals than all of Canada. (bloomberg.com)
Funds
Economy
- The Chicago PMI surged in June. (calculatedriskblog.com)
- The economy is experiencing few layoffs. (calculatedriskblog.com)
- Higher minimum wages increases birthweight. (washingtonpost.com)
Earlier on Abnormal Returns
- What will you do when your strategy underperforms? (abnormalreturns.com)
- Longform links: dealing with modernity. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Originality, Bridgewater and Brexit. (abnormalreturns.com)
