Book excerpt: “The wealth of humans is societal.” from Ryan Avent’s The Wealth of Humans. (evonomics)
Quote of the Day
"The most serious risks arising from ETFs are the macro consequences of too much capital being committed in too few places at the same time."
(John Dizard)
Strategy
- Never say never in the financial markets. (thefelderreport.com)
- Jeff Miller, "I have never seen Tobin’s Q cited in the context of valuing a specific stock." (dashofinsight.com)
- Focus on process, not outcomes. (stockcharts.com)
Offers
- 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)
- Buy the new Amazon Fire TV stick and get $65 in content for free. (amazon.com)
- Try Audible.com and get two free audiobooks including the new memoir by Bruce Springsteen, "Born to Run." (amazon.com)
- Prime members can get at least $30 off of a new Kindle reader. (amazon.com)
- The Amazon Tap portable Alexa-powered speaker is currently $30 off. (amazon.com)
Companies
- Salesforce ($CRM) shareholder do NOT want it to buy Twitter ($TWTR). (nytimes.com)
- How Apple ($AAPL) is going after Fitbit ($FIT). (aboveavalon.com)
Finance
- US hedge funds manage 72% of worldwide assets. (pionline.com)
- Money market fund payouts are on the rise. (barrons.com)
Funds
- Pretty soon ETFs could be paying you to invest. (blogs.wsj.com)
- Should Vanguard's ETFs be even cheaper? (barrons.com)
- 'Sustainable' ETFs are still in the small minority. (barrons.com)
Global
Economy
- What CEOs had to say about the economy last 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 Abnormal Returns. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- What questions could we answer with 10,000 years of smart beta data? (abnormalreturns.com)
- A nice shout out for Abnormal Returns talking about "trusted filters." (bpsandpieces.com)
