Review: Richard Bookstaber’s author of The End of Theory: Financial Crises, the Failure of Economics, and the Sweep of Human Interaction is a “worthwhile read.” (Reading the Markets)
Quote of the Day
“If you can model it, you’re wrong.”
(Richard Bookstaber)
Behavior
- It's "really, really hard" not to chase performance. (theirrelevantinvestor.com)
- It's easy to get caught up in the stories the media spins. (pensionpartners.com)
Strategy
- Great investors think different and better. (farnamstreetblog.com)
- A round-up of all Warren Buffett had to say yesterday. (businessinsider.com)
- Brett Steenbarger, "The best goal for most traders is to get better at getting better." (traderfeed.blogspot.com)
Membership
Companies
- Amazon ($AMZN) has a problem, it might start earning too much in the way of earnings. (barrons.com)
- Apple ($AAPL) is investing as much as it can in its current businesses. (nytimes.com)
- A look at how Facebook ($FB) became an advertising juggernaut. (bloomberg.com)
- Why does Trex ($TREX) have such high profit margins? (brontecapital.blogspot.com)
Funds
- Charlies Munger, "The investing world is just a morass of wrong incentives, crazy reporting and, I’d say, a fair amount of delusion." (bloomberg.com)
- Four reasons for caution when approaching factor investing. (humbledollar.com)
Offers
- The much-talked about Amazon Echo is currently $30 off. (amazon.com)
- Select Amazon Kindles, like the Paperwhite, are currently $20 off. (amazon.com)
- Need a spare tablet? The Fire HD 8 is currently $25 off. (amazon.com)
Economy
- What CEOs had to say about the state of the economy. (avondaleam.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
- Americans are still migrating South. (bloomberg.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: a mix of speed and power. (abnormalreturns.com)
