Book review: Edward Chancellor’s introduction to Capital Returns: Investing through the Capital Cycle: A Money Manager’s Reports 2002–15 is “worth the price of admission.” (Enterprising Investor)
Quote of the Day
"There has never been a better time to be an investor. Ever, in history. More people have access to first-class services than ever before. It's so important, and we don't spend enough time realizing how good it is."
(Morgan Housel)
Markets
- What 10 stocks the ultimate stock pickers are buying and selling. (beta.morningstar.com)
- Why bull markets make us all miserable. (thereformedbroker.com)
Strategy
- Investment organizations need some "outcasts" who will question everything. (rp-pieces.com)
- Investment portfolios shouldn't be managed like fantasy football teams. (portfoliocharts.com)
- All true diversifiers are alternatives, but not all alternatives are true diversifiers. (managed-futures-blog.attaincapital.com)
- Why balance makes sense in the active/passive split. (sparkfin.com)
Offers
- Try Audible.com and two free books including "Grit" by Angela Duckworth. (amazon.com)
- Get an Amazon Fire TV for $15 off. (amazon.com)
- Trade in your old Kindle and get an Amazon gift card and $20 bonus. (amazon.com)
Companies
Finance
- The "just say no" defense is a gamble for companies. (nytimes.com)
- What to look for in pre-IPO shares. (medium.com)
- BATS ($BATS) wants to be the home for ETF listings. (ft.com)
Funds
- Forty years ago the Vanguard S&P 500 Index Fund launched. (thereformedbroker.com)
- The 15 ETFs with the most liquid options. (etf.com)
Amazon
- Ten Amazon-branded products worth buying. (businessinsider.com)
- Including the AmazonBasics Apple Lightning cables. (amazon.com)
Economy
Earlier on Abnormal Returns
- Personal finance links: robo-saving. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Investing tribes and the paradox of choice: my post up at the Enterprising Investor blog. (blogs.cfainstitute.org)
- What idea in finance today, that we hold to be true, will seem laughable in 100 years? (abnormalreturns.com)
