Book list: A starter book list for investors including Thinking Fast and Slow by Daniel Kahneman. (Washington Post)
Quote of the Day
"Structured products for the retail market are made by foxes, sold by wolves, bought by sheep."
(Joshua Brown)
Markets
- Tech stocks are leading the market. (thereformedbroker.com)
- European corporates are not getting paid to borrow. (wsj.com)
- No wonder nobody wants to hold cash. (thefelderreport.com)
Strategy
- Once you grasp the enormity and complexity of markets it is hard to be anything but humble. (tonyisola.com)
- Why investors need to look beyond core stocks and bonds. (blog.thinknewfound.com)
- Strategy underperformance is a feature not a bug. (blog.cordantwealth.com)
- Investors need to be able to say "I don't know." (bloomberg.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)
- The Amazon Tap portable, Alexa-powered speaker is now just $99.99. (amazon.com)
Companies
- Apple ($AAPL) is pushing us towards a truly wireless future. (stratechery.com)
- The Tesla ($TSLA)-SolarCity ($SCTY) deal does not pass the "smell test." (aswathdamodaran.blogspot.in)
- What exactly is Berkshire Hathaway ($BRKA) these days? (pragcap.com)
- Tim Cook is a good geo-political operator. (fusion.net)
Finance
- Goldman Sachs ($GS) is offering its clients its best trading software. (wsj.com)
- Wells Fargo ($WFC) is too big to fine. (thereformedbroker.com)
Funds
- What active managers can do to compete with passive funds. (ft.com)
- Goldman Sachs ($GS) is getting back into the target-date fund business. (citywireusa.com)
- 10 takeaway from the 2016 Morningstar ETF Conference. (etfdb.com)
- Fidelity is launching six new smart beta ETFs. (blogs.barrons.com)
Economy
- Does the Fed have the right natural unemployment rate? (economistsview.typepad.com)
- Companies need to do more to eliminate the skills gap. (strategy-business.com)
- The social value of Uber is really high. (bloomberg.com)
Earlier on Abnormal Returns
- Podcast links: the podcast population. (abnormalreturns.com)
- Longform links: a humbling experience. (abnormalreturns.com)
- Personal finance links: determinants of success. (abnormalreturns.com)
- Forty years of indexing: from folly to fear. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in August 2016 including Cal Newport's "Deep Work." (abnormalreturns.com)
