Extras: Some items from the cutting room floor of Tim Ferriss’ Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers. (Tim Ferriss)
Quote of the Day
"I often suspect companies get the shareholders they deserve. Those who are not sufficiently focused on driving long-term value and the sustainability of their business ironically make themselves more vulnerable to the activists they fear."
(Huw van Steenis)
Markets
- A market valuation debate. (bloomberg.com)
- Why historical market comparisons are often misleading. (bloomberg.com)
- The number of US stocks is in secular decline. Look overseas instead. (awealthofcommonsense.com)
Strategy
- Five criteria for selecting a money manager. (blog.aquamarinefund.net)
- How evidence-based investing is taking over. (forbes.com)
- The case for an allocation to cryptocurrencies. (avc.com)
- When you should stop reading investment blogs. (obliviousinvestor.com)
Offers
- 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)
- The Amazon Echo is now at its lowest price ever: $129.99. (amazon.com)
- Want a fresh, new Kindle? Trade-in your old one and get an Amazon gift card and $20 bonus off a new Kindle. (amazon.com)
Companies
- Big food brands are the big losers in the rise of Amazon ($AMZN). (wsj.com)
- Why Apple ($AAPL) and JP Morgan Chase ($JPM) are going after Venmo. (wsj.com)
- Morningstar ($MORN) is growing revenues but EPS is shrinking. (chicagobusiness.com)
Funds
- Alpha's 2017 Hedge Fund 100 is dominated by quants. (institutionalinvestor.com)
- How the long bull market has done a number on hedge funds. (bloomberg.com)
- This generation didn't invent quant. (institutionalinvestor.com)
Global
Economy
- The Chicago Fed National Activity Index points to slower economic growth in May. (calculatedriskblog.com)
- Calculating clean inflation risk premia isnt' easy but is necessary. (ft.com)
Minimum wage
- Seattle's new higher minimum wages does seem to be having negative effects on employment. (washingtonpost.com)
- The Seattle research is likely to set off a political firestorm. (marginalrevolution.com)
Earlier on Abnormal Returns
- ETF links: building blocks. (abnormalreturns.com)
- Rest, reassess and re-focus: on the importance of doing nothing. (abnormalreturns.com)
- What you missed in our Sunday lnikfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
- Bubble talk is cheap. Easy answers priceless. (abnormalreturns.com)
