Notes: Daniel Drezner’s The Ideas Industry: How Pessimists, Partisans, and Plutrocrats are Transforming the Marketplace of Ideas makes the case against the the rise of public intellectuals, i.e. thought leaders. (New Republic)
Quote of the Day
"Asset management lies somewhere between brain surgery and estate agency. There are few barriers to entry, but fixed costs are such that it is difficult to prosper without achieving minimum scale."
(John Kay)
Markets
- How major asset classes performed in June 2017. (capitalspectator.com)
- Some signs of a market top. (wsj.com)
- What the average decade for the Dow looks like. (crossingwallstreet.com)
Strategy
- Every time stocks fall.... (awealthofcommonsense.com)
- Sometimes good decisions have bad outcomes, and vice versa. (obliviousinvestor.com)
Offers
- Amazon Prime Day is coming July 11th. Make sure you are a Prime member to take advantage of all the deals. (amazon.com)
- Buy three Echo Dots and get $20 off with the promo code 'DOT3PACK.' (amazon.com)
- "Everybody Lies: Big Data, New Data, and What the Internet Can Tell Us About Who We Really Are" by Seth Stephens-Davidowitz is just $1.99 for the Kindle. (amazon.com)
- Never streamed an Amazon Prime video? Earn $10 just by watching one like 'Catastrophe.' (amazon.com)
Companies
- Five steps Target ($TGT) is taking to compete with Amazon ($AMZN). (sfchronicle.com)
- Some stocks that have wildly different outlooks. (bloomberg.com)
- How the dominoes are falling in the global energy markets. (sl-advisors.com)
Finance
- The challenge of trying to invest $100 billion in startups. (ftalphaville.ft.com)
- How the biggest tech IPOs have done so far this year. (techcrunch.com)
Membership
Global
Economy
- Are we in a new (low) inflation regime? (econbrowser.com)
- Happy tenth anniversary to Vox EU. (voxeu.org)
Earlier on Abnormal Returns
- ETF links: a technological advance. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in June 2017. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
