Endorsement: Tyler Cowen writes that Brian Merchant’s The One Device: The Secret History of the iPhone is “excellent.” (Marginal Revolution)
Quote of the Day
"Social media can be amazing sometimes. You never know what is going to happen. If you open yourself up to randomness cool things can happen."
(Jeff Carter)
Markets
- Bill Smead, "Trump shouldn’t be looking to the market for vindication...I wouldn’t call it a Trump rally. He’s basically riding on the Obama years." (nytimes.com)
- Financials are the best performing sector over the past year. (capitalspectator.com)
iPhone
- The iPhone is even more important than we can currently grasp. (asymco.com)
- The iPhone has made the phone part superfluous. (bloomberg.com)
- Remember when technology was supposed to be hard? (theverge.com)
Amazon Prime Day
- Amazon Prime Day is coming! Get the best deals available until the holidays. (money.cnn.com)
- Make sure you are a Prime member to take advantage of the Summer's best sales. (amazon.com)
Companies
- Why Nike ($NKE) hooked up with Amazon ($AMZN). (wsj.com)
- Blame Amazon ($AMZN) for the poor reception to the Blue Apron ($APRN) IPO. (businessinsider.com)
Finance
- Apollo Global ($APO) just raised the biggest PE fund ever, $23.5 billion. (breakingviews.com)
- You can't value Uber without some heroic assumptions. (aswathdamodaran.blogspot.com)
Funds
- The idea of what an index is supposed to do has gotten all tangled up with the rise of ETFs. (bloomberg.com)
- Private placement life insurance is the hot new tax avoidance scheme. (bloomberg.com)
Offers
- Buy 2 Amazon Echo devices, save $100 with the promo code 'ECHO2PACK.' (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)
- 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)
Economy
- Weekly initial unemployment claims are still at low levels. (calculatedriskblog.com)
- What happens if Illinois gets cut to junk status? (wsj.com)
Earlier on Abnormal Returns
- Startup links: sustaining new growth. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Happy warriors and the practice of realistic optimism. (abnormalreturns.com)
- Rest, reassess and re-focus: on the importance of doing nothing. (abnormalreturns.com)
- Bubble talk is cheap. Easy answers priceless. (abnormalreturns.com)
