Book review: Phishing for Phools by George Aklerlof and Robert Shiller “contains useful insights for all types of financial market participants.” (Enterprising Investor)
Quote of the Day
"When trading becomes work and drudgery, we know we need to pull back and get back to what we do best."
(Brett Steenbarger)
Strategy
- Investing is an expectations game. (thereformedbroker.com)
- It's hard to be a good investor without an understanding of market history. (tonyisola.com)
- You can't talk about dividends without talking about taxes. (blogs.cfainstitute.org)
Pharma
- Pfizer ($PFE) acquiree, Medivation ($MDVN) stock has triple since February. (blogs.wsj.com)
- Merck ($MRK) stock is at an all-time high. (stockcharts.com)
IoT
Apple
- Apple ($AAPL) is pushing farther into personal health data. (fastcompany.com)
- Five charts about Tim Cook's five years as CEO of Apple ($AAPL). (ft.com)
- Why Apple ($AAPL) and Google ($GOOGL) changed places. (medium.com)
Finance
- AI hedge funds are gaining adherents. (bloomberg.com)
- Pension funds are investing in put-write strategies. (wsj.com)
Funds
- ETFs and index funds are not synonymous. (thinkadvisor.com)
- Alpha is so ephemeral it is not worth the trouble. (etf.com)
Global
- Why activist investors are focusing on Japan. (institutionalinvestor.com)
- Mongolia's economy is collapsing. (bloomberg.com)
Economy
- The Chicago Fed National Activity Index showed faster growth in July. (capitalspectator.com)
- Should we be worried about the restaurant recession? (washingtonpost.com)
- Just how big was the government's role in saving the economy in 2008-09? (econbrowser.com)
Earlier on Abnormal Returns
- Research links: volatility and risk. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
