Review: Brad Stone’s The Upstarts: How Uber, Airbnb, and the Killer Companies of the New Silicon Valley Are Changing the World is a “good read.” (Reading the Markets)
Quote of the Day
"Since equity is a residual claim, it has never made sense to me that companies commit to paying a fixed dividend every year."
(Aswath Damodaran)
Markets
Strategy
- What the heck is 'organizational alpha'? (ritholtz.com)
- How much should we expect from markets? (blogs.cfainstitute.org)
Offers
- The new book by Derek Thompson, "Hit Makers: The Science of Popularity in an Age of Distraction" looks interesting. (amazon.com)
- Amazon's most popular Kindle the Paperwhite is currently $20 off. (amazon.com)
- Ben Carlson's new book "Organizational Alpha: How to Add Value in Institutional Asset Management" is now available. (amazon.com)
Apple
- Did you know Apple ($AAPL) has some $100 billion in debt? (fool.com)
- Apple ($AAPL) is going to unify all its online services under one roof. (bloomberg.com)
- Apple ($AAPL) has effectively abandoned the book business. (dimsumthinking.com)
Finance
- US banks have $120 billion in "excess capital." (ft.com)
- Remember Fannie and Freddie? They are still around and stuck in limbo. (nytimes.com)
Funds
- MSCI ($MSCI) is launching a new series of ESG indices. (blogs.barrons.com)
- The Sequoia Fund bought a big stake in Liberty Media Group ($LMCK) in conjunction with its acquisition of Formula One. (citywireusa.com)
Earlier on Abnormal Returns
- Personal finance links: monitoring your finances. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Retail forex follies, revisited. (abnormalreturns.com)
- Research links: factor product fees. (abnormalreturns.com)
