Book review: “I think Shoe Dog by Phil Knight is the best memoir I’ve ever read by a business person.” (Brad Feld)
Quote of the Day
"Diversification isn’t about fully insulating your portfolio in the short term. Diversification can help at times in the short-term, but it’s really a long-term strategy."
(Ben Carlson)
Strategy
- On the value of cognitive diversity in building investment teams. (institutionalinvestor.com)
- Low nominal yields aside, bonds are still worth owning. (blogs.wsj.com)
- The case against bonds. (econompicdata.blogspot.com)
Offers
- Hey Trekkies! Sign up for Amazon Prime and get access to The Star Trek Collection on Amazon Instant Video. (amazon.com)
- Subscribe to Modern Trader magazine and get 4 bonus offers. (moderntrader.com)
- Try Audible.com and get two free books like "Smarter Faster Better" by Charles Duhigg. (amazon.com)
Companies
- A deep dive into the controversial stock that is Tesla ($TSLA). (aswathdamodaran.blogspot.com)
- Satya Nardella is making smart moves at Microsoft ($MSFT). (besttech.io)
Funds
- The problem with single factors...long periods of underperformance. (blogs.barrons.com)
- How much fee pressure are hedge funds under? (cnbc.com)
- Should you switch index funds for a few basis points? (marketwatch.com)
Economy
- Industrial production rose in June. (calculatedriskblog.com)
- Retail sales jumped in June. (calculatedriskblog.com)
- Here is "simple story" of what happened in the US economy in the past 70 years. (fool.com)
Earlier on Abnormal Returns
- Podcast links: paying for podcasts. (abnormalreturns.com)
- A rational response to a seemingly irrational world. (abnormalreturns.com)
- The 'flip' is coming for the high fee fund world. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Q&A with Spencer Jakab author of "Heads I Win, Tails I Win." (abnormalreturns.com)
- The cost matters consensus. (abnormalreturns.com)
- It's hard enough finding a factor that works. Why would you try and time it? (abnormalreturns.com)
