List: A 2017 Summer Reading list including Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street by Sheelah Kolhatkar. (market f0lly)
Quote of the Day
"The stock market is now 35% passive and 65% terrified. The bond market is not far behind."
(Josh Brown)
Markets
Strategy
- Tail risk strategies work in down markets, the challenge is timing. (mebfaber.com)
- 14 things the market does not care about. (awealthofcommonsense.com)
- Wes Gray's list of the top investing research blogs. (blogs.wsj.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)
Amazon-Whole Foods
- Amazon ($AMZN) buys Whole Foods ($WFM). (bloomberg.com)
- What is Amazon's ($AMZN) end game with Whole Foods ($WFM)? (slate.com)
- Amazon ($AMZN) has just acquired 400 prime grocery delivery locations. (recode.net)
- Whole Foods ($WFM) tried to have things two ways, which ultimately failed. (dealbreaker.com)
- What's going to happen to Instacart? (venturebeat.com)
Retail
- Kroger's ($KR) same-store-sales have gone negative. (wsj.com)
- Wal-Mart ($WMT) is buying Bonobos. (nytimes.com)
- How Untuckit built a big business. (businessinsider.com)
Finance
Quant
- Matt Levine, "Computers are really good at systematic statistical-arbitrage strategies and less good at, you know, even fundamental equity long-short." (bloomberg.com)
- Quants are not having a great year. (wsj.com)
- Quants invest differently than fundamental investors. (bloomberg.com)
Funds
- Simpler is better when it comes to mutual fund strategies. (beta.morningstar.com)
- Why does Jack Bogle persist in his US-focused investment strategy? (bloomberg.com)
- The Fiduciary Rule doesn't kill mutual funds, just share classes. (kitces.com)
Offers
- Amazon's entire line of Kindles are on sale including the Paperwhite for just $99.99. (amazon.com)
- Amazon's line of Alexa-powered Echos are on sale including the Echo for just $139.99. (amazon.com)
- In honor of you-know-who you can currently get $19.89 off an Amazon Music Unlimited plan. (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)
Economy
Earlier on Abnormal Returns
- Podcast links: a sleeping giant. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- 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)
- MarketWatch.com picked up one of our Blogger Wisdom posts. (marketwatch.com)
