Book review: The Volatility Smile by Emanuel Derman and Michael B. Miller is not for casual readers. (Reading the Markets)
Quote of the Day
"The era of “tech companies” is over; there are only ‘companies’, steeped in technology, that will survive."
(Rob Thomas)
Chart of the Day
We are living longer, but our corporations are not. (via @Callum_Thomas)
Strategy
- How investment scammers grab your attention. (wsj.com)
- It's hard to see how US stocks show decent returns over the next decade. (mebfaber.com)
- Why bull markets are hard to deal with. (pragcap.com)
Offers
- You can now get Robert Cialdini's highly anticipated second book "Pre-Suasion: A Revolutionary Way to Influence and Persuade." (amazon.com)
- Try Audible.com and get two free audiobooks including the new memoir by Bruce Springsteen, "Born to Run." (amazon.com)
- Amazon is pushing hard into voice powered-computing with the new Dot. (amazon.com)
Companies
Finance
Funds
- Why are people actively trading actively managed ETFs? (marketwatch.com)
- Why do big fund companies like Vanguard have bank lines? (ft.com)
Economy
- We are still facing 50 days of political uncertainty. (dashofinsight.com)
- Small businesses are still not thriving. (bloomberg.com)
- What CEOs had to say about the economy this week. (avondaleam.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
