Book review: Ryan Avent’s The Wealth of Humans treads the line between techno-optimism and techno-pessimism. (FT)
Quote of the Day
"Investment management that outperforms benchmarks, as Harvard's once did on a fairly consistent basis, is a rare and delicate thing in a world where so much can go wrong."
(Barry Ritholtz)
Chart of the Day
How the mighty have fallen. The largest companies in the world in 2006 and 2016.
Markets
- Good companies need not make good stocks. (institutionalinvestor.com)
- Emerging market bond yield spreads are again trading near their lows. (twitter.com)
Offers
- You can now pre-order Tim Harford's highly anticipated "Messy: The Power of Disorder to Transform Our Lives." (amazon.com)
- Try Audible.com and get two free audiobooks including the new memoir by Bruce Springsteen, "Born to Run." (amazon.com)
Companies
- Why no one should buy Twitter ($TWTR). (slate.com)
- Why Google ($GOOGL) should integrate Twitter ($TWTR) with YouTube. (techcrunch.com)
- 50% of shoppers turn to Amazon ($AMZN) first. (bloomberg.com)
Finance
- Another one bites the dust. Perry Capital to close. (bloomberg.com)
- Brevan Howard is cutting its management fee in some cases to 0%. (wsj.com)
Amazon Echo
- Amazon's ($AMZN) plan is to infiltrate homes with Alexa-powered speakers like the Echo and Dot. (bloomberg.com)
- You can get the Amazon Dot here: (amazon.com)
Funds
- ETFs are a big reason behind the CBOE ($CBOE)-BATS Global ($BATS) deal. (bloomberg.com)
- The VanEck Vectors Fallen Angel High Yield Bond ETF ($ANGL) is undergoing a shake up. (blogs.barrons.com)
Economy
- Home prices, per Case-Shiller, increased 5.1% year-over-year ending in July. (calculatedriskblog.com)
- US retail sales are unlikely to accelerate any time soon. (blog.gavekalcapital.com)
- Assessing the chances of a December Fed rate hike. (economistsview.typepad.com)
Earlier on Abnormal Returns
- Startup links: getting it right. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
