Book review: A celebration of cephalopods. Peter Godfrey-Smith’s Other Minds: The Octopus, the Sea and the Deep Origins of Consciousness delves into the fascinating and high intelligence world of octopi and squid. (WSJ)
Quote of the Day
"The prosaic reality: For the vast majority of Americans, the only sure road to riches is socking away one dollar after another, month after month, year after year. Nobody’ll pay you $25,000 to deliver that seminar. But it’s the truth."
(Jonathan Clements)
Chart of the Day
The last three months has shown a huge dispersion in sector returns.
Strategy
- Small cap outperformance in rare at the end of a market cycle. (blogs.wsj.com)
- To invest in the Permanent Portfolio you have to take on a lot of tracking error. (theirrelevantinvestor.com)
- How to transform a high cost mess of funds into a low-cost, 3 fund portfolio. (mutualfundobserver.com)
Offers
- Michael Lewis' new book "The Undoing Project: A Friendship That Changed Our Lives" is at its heart a "poignant drama." (readingthemarkets.blogspot.com)
- Get $5 off a $15 book purchase at Amazon using the code 'GIFTBOOK' and purchase the forthcoming Michael Lewis book "The Undoing Project." (amazon.com)
Companies
Finance
- How MLP GPs resemble hedge fund GPs. (sl-advisors.com)
- Hedge fund liquidations are outpacing hedge fund openings. (ai-cio.com)
Funds
Global
Economy
- What CEOs had to say about the economy this week. (avondaleam.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The schedule for the coming week in the economy. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: an open book. (abnormalreturns.com)
