Notes: Michael Lewis’ The Undoing Project: A Friendship That Changed Our Minds is a “stellar story.” (Ben Casnocha)
Quote of the Day
"Investing is a game of probabilities, and almost all probabilities are less than 100%."
(Morgan Housel)
Markets
Strategy
- THIS is the best way to add yield to your portfolio. (mebfaber.com)
- Lessons learned from twenty years in the money management business. (principlesandinterest.wordpress.com)
Offers
- You can currently get 20% off of Amazon Home Services leading up to Prime Day. (amazon.com)
- Buy three Echo Dots and get $20 off with the promo code 'DOT3PACK.' (amazon.com)
- Amazon Prime Day is coming July 11th. Make sure you are a Prime member to take advantage of all the deals. (amazon.com)
- Order something, like the WeMo Mini Smart Plug, using Alexa and get $10 off. (amazon.com)
- Never streamed an Amazon Prime video? Earn $10 just by watching one like 'Catastrophe.' (amazon.com)
IPOs
- ICOs are the new IPOs. (wsj.com)
- A customer's observations of changes to the Blue Apron ($APRN) product post-IPO. (fortune.com)
Private equity
- "Private equity firms are constantly marketing new funds." (awealthofcommonsense.com)
- What is private equity going to do with all that dry powder? (bloomberg.com)
- "Private equity firms looking to buy are finding it difficult to acquire assets at fair prices." (institutionalinvestor.com)
- Blackstone ($BX) is buying a stake in PE firm Leonard Green. (bloomberg.com)
Funds
- Are target date fund managers doing it all wrong? (beta.morningstar.com)
- Why two major fund companies are moving to a "single fee" management structure in their TDFs. (investmentnews.com)
Membership
Economy
- The June NFP showed strong jobs growth. (calculatedriskblog.com)
- Why aren't wages picking up? (bloomberg.com)
- Why the US economy may have more room to run. (nytimes.com)
- It's a boom time for corporate recruiters. (bloomberg.com)
- American wheat plantings are at a historical low. (qz.com)
Earlier on Abnormal Returns
- Podcast links: mainstreaming meditation. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: chasing growth. (abnormalreturns.com)
- People have emotions, markets don't. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in June 2017. (abnormalreturns.com)
