Review: In 200 pages Benjamin C. Waterhouse’s book The Land of Enterprise: A Business History of the United States ably takes you through the history of US business. (Reading the Markets)
Quote of the Day
"Equities can compound in value in a way that investments in other asset classes, such as bonds and real estate, cannot. The reason for this is quite simple: companies retain a portion of the profits they generate to reinvest in the business."
(Terry Smith)
Markets
- Remembering the stealth bear market of 2015. (thereformedbroker.com)
- Treasury yields are forming a new trading range. (jlfmi.tumblr.com)
Strategy
Abnormal Returns Memberships
Companies
- Taking stock of Yahoo ($YHOO) in its waning days as a public company. (theatlantic.com)
- CEOs who "humblebrag" are a bad bet. (dealbreaker.com)
- Facebook's ($FB) network effects continue to grow its moat. (nytimes.com)
- Facebook ($FB) is the new (monopolistic) Microsoft ($MSFT) (stratechery.com)
- How Facebook ($FB) wants you to use VR. (qz.com)
Funds
- Eight ETPs that provide exposure to closed-end funds. (investwithanedge.com)
- The 2017 target-date fund landscape. (corporate1.morningstar.com)
Offers
- Need a new jam? Start a free-trial to Amazon Music Unlimited today. (amazon.com)
- "Search Inside Yourself: The Unexpected Path to Achieving Success, Happiness" by Chade-Meng Tan is just $1.99 for the Kindle. (amazon.com)
Weed
- 11 charts that show how marijuana has gone mainstream. (washingtonpost.com)
- A look at all the marijuana-related stocks worth following. (bloomberg.com)
- How is Canada is going to implement legal marijuana? (abovethelaw.com)
Global
Economy
- Weekly initial unemployment claims ticked up last week. (calculatedriskblog.com)
- The Fed increased its balance sheet. It will decrease it the same way. (pragcap.com)
- A national service requirement would help stitch the nation back together. (bloomberg.com)
Earlier on Abnormal Returns
- Startup links: prioritizing experiments. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: appealing to a diverse client base. (abnormalreturns.com)
- Abnormal Returns memberships are now live. Subscribe now! (abnormalreturns.com)
