Notes: Stanford wants incoming freshmen to read Elizabeth Kolber’s The Sixth Extinction: An Unnatural History. (Business Insider)
Quote of the Day
"The Fed should examine a tenet of the central-banking faith: that transparency is always virtuous. By being less transparent—and reserving the option of deliberately ambushing investors with a shock move—the Fed could discourage them from taking too much risk."
(Sebastian Mallaby)
Strategy
- The financial world is too complex for any single strategy to work all the time. (nytimes.com)
- It's your asset allocation. Don't let someone else choose it for you. (obliviousinvestor.com)
- Who is your trading coach? (traderfeed.blogspot.com)
Bubbles
- Can you handle a 50% stock market drawdown? (theirrelevantinvestor.com)
- Some lessons learned from the last bear market. (fortunefinancialadvisors.com)
- What a bubble really looks like: the 1989 Japan edition. (fat-pitch.blogspot.com)
- The markets are not yet euphoric. (seeitmarket.com)
Offers
- Buy two Amazon Echos. Get a $100 off with a promo code. (amazon.com)
- Want a fresh, new Kindle? Trade-in your old one and get an Amazon gift card and $20 bonus off a new Kindle. (amazon.com)
- Buy three Echo Dots. Get $20 off with a promo code. (amazon.com)
- Start a free-trial to Amazon.com and get two free books like "The Captain Class: The Hidden Force That Creates the World's Greatest Teams" by Sam Walker. (amazon.com)
Companies
- It's hard to overstate the importance of the Amazon ($AMZN)-Whole Foods ($WFM) deal. (l2inc.com)
- Why Amazon ($AMZN) is an imminent threat to meal delivery startups, like Blue Apron. (rhsmith.umd.edu)
- Why the restaurant industry is doomed for a shake-out...better home options. (bloomberg.com)
Finance
Funds
- Are index funds good for corporate governance? (pragcap.com)
- Passive investing is great on the upside. What happens when there is a sell-off? (latest.13d.com)
Global
- Canada's stock market seems to more prone to stock blow ups. (barrons.com)
- Canada has got a shortage of legal pot. (marginalrevolution.com)
- Maybe that's why Canada's 150th birthday is so low key. (nytimes.com)
Economy
- Why does the US still protect the sugar industry? (econbrowser.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- Bubble talk is cheap. Easy answers priceless. (abnormalreturns.com)
- What you missed in our Saturday morning linkfest. (abnormalreturns.com)
- Longform links: a thing of the past. (abnormalreturns.com)
