Review: Ed Thorp’s A Man For All Markets is “one of the best books I’ve read in a long time.” (The Brooklyn Investor)
Quote of the Day
“Your intuition is that you can randomly pick stocks and start at zero...“But the empirical fact is if you randomly pick, you are starting behind zero.”
(J.B. Heaton)
Chart of the Day
The VIX is over its 200 day moving average for the first time since November. (via @SentimenTrader)
Markets
- How much do stock promoters get paid? (ftalphaville.ft.com)
- The pump-and-dump scheme is not dead. (dealbreaker.com)
Strategy
- Howard Lindzon, "The largest S&P companies have become planets." (howardlindzon.com)
- Putting a $1000 price target on Amazon ($AMZN) is no longer a big deal. (wsj.com)
- Lessons from Bill Ackman's disastrous investment in Valeant ($VRX). (mastersinvest.com)
Offers
- Purchase the well-reviewed "Emotional Agility: Get Unstuck, Embrace Change, and Thrive in Work and Life" by Susan David for just $1.99 for the Kindle. (amazon.com)
- Need another tablet around the house? Grab an Amazon Fire for $10 to $20 off. (amazon.com)
- The Mihaly Csikszentmihalyi classic "Flow: The Psychology of Optimal Experience" is currently just $1.99 for the Kindle. (amazon.com)
Retail
- Retail is having a worse year than it did in 2008. (washingtonpost.com)
- It's hard to compete online without free shipping. (wsj.com)
- Jana Partners now owns 9% of Whole Foods ($WFM). (wsj.com)
Apple
- Its dangerous being a large supplier to Apple ($AAPL). (bloomberg.com)
- Teens still crave an iPhone. (businessinsider.com)
Sponsored link
Funds
- Activist investors have shifted their focus to mid- and small-caps. (bloomberg.com)
- Could an algorithm do this? (beta.morningstar.com)
Economy
- The March NFP report will not move the Fed off its current path. (economistsview.typepad.com)
- Why isn't anyone borrowing money? (wsj.com)
- Teen unemployment has fallen dramatically. (bloomberg.com)
Earlier on Abnormal Returns
- Research links: idiosyncratic momentum. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: speculation cubed. (abnormalreturns.com)
