Quote of the Day
“In the next six months everyone is going to try and buy everyone else and we will be sitting there laughing our heads off.”
(Shane Smith, CEO of Vice Media)
Markets
Strategy
- The CAPE ratio is neither informative or predictive. (aswathdamodaran.blogspot.com)
- What assets are true diversifiers, not DINOs? (longboardfunds.com)
Offers
- The Alexa-enabled Amazon Tap is still $15 off. (amazon.com)
- Sign up for Audible.com and get two free audiobooks including "Deep Work" by Cal Newport. (amazon.com)
Companies
- Big oil has a big debt problem. (wsj.com)
- Eddie Lampert's tenure at Sears Holdings ($SHLD) has just been brutal. (ibankcoin.com)
- Can Twitter ($TWTR) ever expand its business? (pointsandfigures.com)
- Dow Chemical ($DOW) really wants to get Warren Buffett off its back. (wsj.com)
- Uber is losing A LOT of money. (bloomberg.com)
Funds
- Big paper doesn't want to see mutual fund reports phased out. (wsj.com)
- Building a global financial index fund is harder than it looks. (pragcap.com)
TDFs
- Target-date funds are not a substitute for a pension plan. (ft.com)
- Charles Schwab ($SCHW) is pushing down TDF costs. (investmentnews.com)
Economy
- Why is homeownership still out of favor? (bloomberg.com)
- How much slack is left in the US labor market? (conversableeconomist.blogspot.com)
- In praise of the universal basic income concept. (qz.com)
Earlier on Abnormal Returns
- Longform links: the overparenting problem. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
