Book review: Mark Suster “can’t recommend [Hillbilly Elegy: A Memoir of Family and Culture in Crisis by J.D. Vance] strongly enough.” (Both Sides of the Table)
Quote of the Day
"Free riding on price signals isn't a bug of capitalism to be exploited by those greedy red indexers; rather, the use of price signals by those who played no role in setting them may be capitalism's most important feature."
(Cliff Asness)
Markets
- A comprehensive market (chart) update. (shortsideoflong.com)
- A bounce in volatility is coming, the problem is no one knows when or why. (managed-futures-blog.attaincapital.com)
- If buybacks are over, what comes next? (thefelderreport.com)
Strategy
- Why every portfolio needs a 'pressure valve.' (awealthofcommonsense.com)
- Why the financial media is "toxic." (evidenceinvestor.co.uk)
- We are late in the credit cycle. (alephblog.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 $20 bonus. (amazon.com)
Apple
- Does the world really need another Apple ($AAPL) social network? (macworld.com)
- Apple isn't turning into a services company. (aboveavalon.com)
Funds
- The September Mutual Fund Observer commentary is up with a look at how to get a 'certificate in ETF punditry.' (mutualfundobserver.com)
- Muni bond CEF discounts are likely done narrowing. (blogs.barrons.com)
Amazon
- Ten Amazon-branded products worth buying. (businessinsider.com)
- Including the Amazon Basics Portable Bluetooth Speakers. (amazon.com)
Economy
- The August NFP was somewhat disappointing. (calculatedriskblog.com)
- Manufacturing jobs now require more skills than before. (wsj.com)
Earlier on Abnormal Returns
- Podcast links: machine learning explained. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Twitter reactions to the laughable ideas in finance. (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)
