Book reviews: Two rave reviews for The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success by William Thorndike and A Gentleman in Moscow by Amor Towles. (MFO)
Quote of the Day
“The best of all monopoly profits,” the Nobel laureate John Hicks once said, “is a quiet life.” But life can never be quiet in the high tech industries as long as technologies continue to advance, innovation continues to thrive and consumers continue to have so much choice."
(Hal Varian)
Markets
Strategy
- Great investors all have one thing in common. (theirrelevantinvestor.com)
- It's really easy to get distracted by shiny, new asset classes. (insecurityanalyst.com)
- The market needs short sellers. (blogs.wsj.com)
Offers
- Buy the all new Amazon Fire TV stick and get $65 in content free. (amazon.com)
- Try Audible.com and get two free audiobooks including the new memoir by Bruce Springsteen, "Born to Run." (amazon.com)
- If you've read "Thinking Fast and Slow" you will likely want to read Michael Lewis' forthcoming "The Undoing Project: A Friendship That Changed Our Minds." (amazon.com)
- The Amazon Tap portable Alexa-powered speaker is currently $30 off. (amazon.com)
Companies
- Google ($GOOGL) Pixel is a true Apple ($AAPL) iPhone competitor. (bloomberg.com)
- Apparently there is good money in condoms, per Church & Dwight ($CHD). (crossingwallstreet.com)
- Netflix ($NFLX) stock is breaking out (again). (blog.afraidtotrade.com)
Finance
- First Republic ($FRC) is a different kind of bank. (intrinsicinvesting.com)
- Discount broker Scottrade is up for sale. (wealthmanagement.com)
- Will wider tick sizes actually revive small cap stock listings? (ft.com)
Funds
- Patience and the problem of portfolio manager selection. (blogs.cfainstitute.org)
- Which bond ETFs are super-liquid? (blogs.barrons.com)
Bose wireless headphones
- Fred Wilson, "If you are in the market for a new wireless headphone, check out the Bose Quiet Comfort 35s. You won’t regret it." (avc.com)
- Get the Bose Quiet Comfort 35s here: (amazon.com)
Economy
- Why are politicians so obsessed with manufacturing? (nytimes.com)
- How prison has changed the equation for young men in the work force. (bloomberg.com)
Earlier on Abnormal Returns
- Startup links: diminishing financing needs. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- What books Abnormal Returns purchased in September 2016. (abnormalreturns.com)
