Review: Scratch: Writers, Money, and the Art of Making a Living edited by Manjula Martin shows how hard it is to talk about money. (Slate)
Quote of the Day
"What makes for the best founders and investors is that ability to find, catch, build and hang on the longest for the meatiest part of the trend."
(Howard Lindzon)
Markets
- The growth/value cycle runs in long waves. (crossingwallstreet.com)
- Quant strategies are an easy target for critics. (bloomberg.com)
Strategy
- Ten things you can't learn from a backtest. (awealthofcommonsense.com)
- Index investors are patient investors. (pragcap.com)
- What we have here is a failure of risk management... (brontecapital.blogspot.com)
Narratives and Numbers
- You can't value a company based solely on the numbers. You need a story as well. (aswathdamodaran.blogspot.com)
- Aswath Damodaran's "Narrative and Numbers: The Value of Stories in Business" has just been released. (amazon.com)
Companies
- By this measure, Tesla ($TSLA) and BMW are the most "American" auto makers. (wsj.com)
- No matter how you slice it Amazon ($AMZN) is a retail beast. (ritholtz.com)
Finance
Offers
- Pre-order the forthcoming memoir by Ed Thorpe "A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market." (amazon.com)
- Can't leave your desk for lunch? You can now order the meal-replacement Soylent from Amazon. (amazon.com)
Economy
Earlier on Abnormal Returns
- Personal finance links: a little more humility. (abnormalreturns.com)
- Evidence-based free throw shooting and what it means for investing. (abnormalreturns.com)
- Per Gordon Gekko, High paid MBA types are "sheep." (abnormalreturns.com)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: the role of short-sellers. (abnormalreturns.com)
