Book excerpt: The case for indexing from Charlie Ellis’ The Index Revolution: Why Investors Should Join It Now. (Institutional Investor)
Quote of the Day
"Seven of the last eight prospective clients I have spoken to are scared. They tell me "there is no way I am investing at these levels," and the most common phrase I hear from them is "a crash is coming.""
(Joe Fahmy)
Chart of the Day
Gold is in the midst of its most substantial rally since 2011.
Hedge funds
- Investors hate, hate, hate long-short equity. (bloomberg.com)
- Steve Eisman has cut fees for SMAs. (bloomberg.com)
Offers
- MODERN TRADER Magazine—the essential journal for professional traders and active investors. Special Subscription Offer! (moderntrader.com)
- Buy a book get one free: "Quantitative Value" and "DIY Financial Advisor" now for just $20. (blog.alphaarchitect.com)
Companies
- At some point, soon, Uber needs to start earning a profit. (bloomberg.com)
- Apple ($AAPL) is nearing a billion paying customers. (asymco.com)
Mobile
- T-Mobile ($TMUS) is going to a one-size fits all data future. (businessinsider.com)
- Sprint ($S) follows suit. (marketwatch.com)
Finance
Funds
- Vanguard's new active ETFs will be transparent. (wsj.com)
- Young women need more female role models in fund management. (citywireusa.com)
Back to school
- The Amazon Kindle and Paperwhite are currently $20 off. (amazon.com)
- Join Amazon Prime Student for FREE Two-Day Shipping for College. (amazon.com)
Economy
- Rising manufacturing reduces the risk of recession. (econbrowser.com)
- Weekly initial unemployment claims are still trending near the lows. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Longform links: ubiquitous cameras. (abnormalreturns.com)
- What you missed in our Wednesday lnkfest. (abnormalreturns.com)
- Our August round-up of all the book-related links from the past month. (abnormalreturns.com)
- Eliminating distractions and becoming a star in your field. (abnormalreturns.com)
- Paper trading is obsolete. (abnormalreturns.com)
