Book review: Money Changes Everything: How Finance Made Civilization Possible by William Goetzmann is “extremely enjoyable to read..” (CFA Institute)
Quote of the Day
“So we know we have to invest. And there’s no better way to invest than a diversified list of stocks and bonds at very low cost.”
(Jack Bogle)
Markets
- Emerging market equities led the markets last week. (capitalspectator.com)
- Crude oil and pipeline companies are different things. (sl-advisors.com)
Strategy
- John Bogle says expect 2% stock market returns for the next decade. (mebfaber.com)
- Bored by today's market. Go get a hobby. (wsj.com)
Offers
- Amazon Prime Student is currently 50% off. A great resource for college kids. (amazon.com)
- Try Audible.com and get two free audiobooks including "Shoe Dog" by Phil Knight. (amazon.com)
Companies
- Tesla ($TSLA) does not control its own destiny. (realmoney.thestreet.com)
- What does Tesla 2.0 look like? (mondaynote.com)
- Just how close is the purported ($AAPL) iCar? (autocar.co.uk)
Finance
- Hedge funds want quants not MBAs. (bloomberg.com)
- Citadel is also the market for quants and programmers. (chicagobusiness.com)
Funds
Global
- High interest rates are history's anomaly. (gregor.us)
- The global economy is now being lead by the emerging markets. (blogs.ft.com)
Economy
- Nobody really knows what the natural rate of interest is, or should be. (businessinsider.com)
- It's time for the big-city exodus to begin. (bloomberg.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
- Why academic economists are headed to Silicon Valley. (nytimes.com)
Earlier on Abnormal Returns
- Research links: qualitative judging. (abnormalreturns.com)
- Top clicks this week on the site. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in August 2016 including Cal Newport's "Deep Work." (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
