Review: Part one of a positive review of The End of Accounting and the Path Forward for Investors and Managers by Baruch Lev and Feng Gu. (Chicago Boyz)
Quote of the Day
"Just as a stock market investor has to be willing to cut loose a failed thesis fast, so too for any view on what’s happening in tech."
(Benedict Evans)
Chart of the Day
“iOS will have generated over $1 trillion in revenues for Apple sometime this year.”
Strategy
- If you think the country is going to h*ll in a handbasket why aren't you short? (bloomberg.com)
- Lagging a bull market is one thing, missing it altogether something different. (alphabaskets.com)
- Some links for the ESG crowd. (thereformedbroker.com)
Offers
- Pre-order Market Wizard Tony Saliba's forthcoming "Managing Expectations: Driving Profitable Option Trading Outcomes Through Knowledge, Discipline, and Risk Management" and get a free e-book and audio version, to boot. (martinkronicle.com)
- Pre-order the forthcoming memoir by Ed Thorpe "A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market." (amazon.com)
Apple
- Apple ($AAPL) is already the leader in wireless earbuds. (qz.com)
- Apple ($AAPL) is pushing into original programming. (wsj.com)
- Why would Apple ($AAPL) release a 10.5" iPad? (blog.studioneat.com)
Amazon
- Amazon ($AMZN) is by far and away the best online shopping experience and it will continue to take share. (kottke.org)
- Speaking of Amazon ($AMZN) has plans to create 100,000 jobs (wsj.com)
Economy
- Weekly initial unemployment claims continue to trend well below 300k. (calculatedriskblog.com)
- Chicago is a study in contrasts. (bloomberg.com)
Earlier on Abnormal Returns
- Startup links: toys and fads. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- 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)
