Recommendation: Fred Wilson, “If you like math, cards, and/or investing, I am sure you will enjoy this book [Ed Thorpe’s A Man For All Markets] as much as I am.” (A VC)
Quote of the Day
"If you want to protect on the downside, you have to be willing to be wrong, early and often. There is no other way. You have to accept that the rain may never come."
(Charlie Bilello)
Markets
- The stock market is not as top-heavy as it seems. (fortunefinancialadvisors.com)
- The performance of the FANG stocks is not all that out of bounds. (aqr.com)
- Why bank loan yields are so low...high demand. (wsj.com)
- The blockchain is no longer all about Bitcoin. (visualcapitalist.com)
Strategy
- Dollar-cost averaging isn't about risk it's about emotions. (marketwatch.com)
- The case for investing in cash cows. (monevator.com)
Membership
- Purchase a membership to Abnormal Returns and get a free book! While supplies last. Details here: (abnormalreturns.com)
- Stay up-to-date with all of our posts via our free daily e-mail newsletter. (abnormalreturns.com)
Companies
- GE ($GE) is still living with the legacy of Jack Welch. (nytimes.com)
- The Apple ($AAPL) iPad Pro is shockingly powerful. (businessinsider.com)
Finance
- How we buy stocks is going to change a ton over the next few years. (medium.com)
- Hedge funds need to brush up on their Greek and Roman gods when naming their firms. (qz.com)
Funds
- The winner of this week's US Open will shoot par...a lot. (blogs.cfainstitute.org)
- The Research Affiliates asset allocation tool just got better. (interactive.researchaffiliates.com)
Offers
- Amazon's entire line of Kindles are on sale including the Paperwhite for just $99.99. (amazon.com)
- Sign up for a free trial to Audible.com and two free books including Eric Barker's "Barking up the Wrong Tree: The Surprising Science Behind Why Everything You Know About Success Is (Mostly) Wrong." (amazon.com)
- In honor of you-know-who you can currently get $19.89 off an Amazon Music Unlimited plan. (amazon.com)
- Amazon's line of Alexa-powered Echos are on sale including the Echo for just $139.99. (amazon.com)
Economy
- James Picerno, "Yellen and company are effectively arguing that the bond market is wrong." (capitalspectator.com)
- Homebuilder confidence dropped but is still elevated. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Startup links: but why? (abnormalreturns.com)
- Our June book link round-up is up with a bunch of reviews, Q&As and excerpts not previously posted. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: wasted effort. (abnormalreturns.com)
- MarketWatch.com picked up one of our Blogger Wisdom posts. (marketwatch.com)
