Reading list: The Farnam Street members reading list including Peak: Secrets of the New Science of Expertise by Anders Ericsson. (Farnam Street)
Quote of the Day
"The realization that how one acts is more important than manager selection shines through like a ray of sunlight. Once it hits your face, it’s hard to turn away, to turn back. A mass awareness of the effects of fees, taxes and trading costs begins to take center stage when decisions are being made."
(Joshua Brown)
Chart of the Day

When the “bond king” speaks markets listen. Or something like that. (via @MktOutperform)
Markets
- A look at some weird stock leadership trends in 2016. (investorfieldguide.com)
- Utility stocks have crushed it the past year. (capitalspectator.com)
Strategy
- Remember the last time you were panicked about the stock market? (howardlindzon.com)
- Comparing multi-strategy and managed futures funds. (advisorperspectives.com)
Offers
- Subscribe to Modern Trader magazine and get 4 big bonus offers. (moderntrader.com)
- Hey Trekkies! Sign up for Amazon Prime and get access to The Star Trek Collection on Amazon Instant Video. (amazon.com)
- Try Audible.com and get two free books like "Originals" by Adam Grant. (amazon.com)
Finance
- Is there really 'insider trading' in the forex market? (bloomberg.com)
- There are still bank TARP warrants out there. (latticework.com)
Wi-fi solutions
- Eero is still the best mesh wi-fi solution for the home but it now has stiff competition. (wsj.com)
- Eero was built with a cloud-first approach. (readwrite.com)
- You can find the complete eero wi-fi system here: (amazon.com)
Economy
Earlier on Abnormal Returns
- Longform links: viral fortunes. (abnormalreturns.com)
- Our latest monthly book link round up from July. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- My piece up at Enterprising Investor: "Academic finance as a check on pretensions." (blogs.cfainstitute.org)
- How a "vague sense of returns" works against you as an investor. (abnormalreturns.com)