Book review: Overcomplicated: Technology at the Limits of Comprehension by Samuel Arbesman is “fascinating an full of new ideas.” (FT)
Quote of the Day
"The most interesting thing about companies like Alphabet, Amazon, and Facebook is that they are not (computing) technology companies. Instead, they are using computing infrastructure to build new—and enormous—businesses in other sectors."
(Ian Bogost)
Markets
- The five largest, by market cap, companies in the US are all tech companies. (thereformedbroker.com)
- Microsoft ($MSFT) just sold $20 billion in bonds. (next.ft.com)
- Instagram knows how to copy well...this time from Snapchat. (stratechery.com)
Markets
- Is the yield curve done flattening? (capitalspectator.com)
- Gold loves low real interest rates. (marketanthropology.com)
Offers
- MODERN TRADER Magazine—the essential journal for professional traders and active investors. Special Subscription Offer! (moderntrader.com)
- Mesh wi-fi is the new start of the art for home wireless internet. Check out eero now: (amazon.com)
- Showtime, Starz or SEESO, to your Amazon Prime account is simple. (amazon.com)
Finance
- Alternative asset managers are shoving their way into the leverage loan origination market. (wsj.com)
- How private equity works at its core. (fa-mag.com)
- College endowments did not have a good year. (bloomberg.com)
Quants
- Discretionary hedge fund managers are hiring quants. (bloomberg.com)
- Quant hedge funds are at present the star attraction. (ft.com)
- Is the quant space getting overcrowded? (thereformedbroker.com)
Funds
- Vanguard's success is squeezing profits out of the asset management business. (bloomberg.com)
- Success for smaller ETF issuers takes time (and patience). (etf.com)
- The absolute worst ETFs you can own. (awealthofcommonsense.com)
Economy
- ADP private employment grew 172k in July. (calculatedriskblog.com)
- The US farm economy is growing but losing employment. (strategy-business.com)
Earlier on Abnormal Returns
- Personal finance links: spend like a pessimist. (abnormalreturns.com)
- I recently did an interview with AdvisoryHQ.com. (advisoryhq.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in July 2016. (abnormalreturns.com)
