Book review: Brad Feld writes “if love a great non-fiction book that reads like a novel, A Truck Full of Money [by Tracy Kidder] should be the next book you read.” (Medium)
Quote of the Day
"The habits and skills that help smart people succeed in their jobs and recreational life actually mislead them when it comes to investing!"
(Jeffrey Miller)
Markets
- August was a mixed bag for major asset classes. (capitalspectator.com)
- TAA model performance in August. (allocatesmartly.com)
Strategy
- Big returns come with big drawdowns. (howardlindzon.com)
- Top down analysis is rarely useful. (ft.com)
- Patience means different things to different investors. (fmdcapital.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
- When meta-knowledge becomes insider trading. (brontecapital.blogspot.com)
- 'Speed bumps' are now a competitive tool for exchanges. (bloomberg.com)
- Wall Street's surveillance of its traders is getting increasing sophisticated (and intrusive). (bloomberg.com)
- Citadel Securities has become a big player in the swaps market. (bloomberg.com)
Funds
- There are no signs of complacency at Vanguard. (beta.morningstar.com)
- Computerized trading need not be high frequency. (bloomberg.com)
- A brief history of smart beta. (canadiancouchpotato.com)
Amazon
- Ten Amazon-branded products worth buying. (businessinsider.com)
- Including the Amazon Basics Portable Power Banks. (amazon.com)
Global
Economy
- Federal tax withholdings point toward stronger growth. (ritholtz.com)
- Weekly initial unemployment claims are trending at low historical levels. (calculatedriskblog.com)
- America needs more sociologists not economists. (bloomberg.com)
Earlier on Abnormal Returns
- Longform links: the investor's predicament. (abnormalreturns.com)
- Twitter reactions to the laughable ideas in finance. (abnormalreturns.com)
- What you missed in our Wednesday 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)
