List: Summer reading recommendations from the Andreessen Horowitz team including Leading: Learning from Life and My Years at Manchester United by Alex Ferguson. (a16z)
Quote of the Day
"A nap is better than half-working."
(Carl Richards)
Markets
- Miles Johnson, "Investors in macro funds should be asking is why they have failed to capitalise sufficiently on arguably the biggest single macro trade of their generation: QE." (ft.com)
- Nick, "The beauty of compound interest is that it continues to behave fractally with each piece of interest eventually earning its own interest." (ofdollarsanddata.com)
- Should we judge cryptocurrencies against other classic asset bubbles? (schwab.com)
Strategy
- How equities took over asset allocation. (bloomberg.com)
- Little things can really affect your mood. (ritholtz.com)
Books
- Would you go on a 'blind date' with a book? (wsj.com)
- Buy $15 (or more) in books at Amazon and get $5 off with the promo code 'PRIMEBOOKS17.' (amazon.com)
- Buy a Kindle book and get a 40% credit on your next book purchase. (amazon.com)
Retail
- The sentiment against brick-and-mortar retail is universally negative. (thereformedbroker.com)
- Brandless is trying to cut out the middleman for consumer products. (wsj.com)
Finance
- Berkshire Hathaway ($BRKA) is now more than ever an operating company. (wsj.com)
- How the fund, Royalty Pharma, has become a key player in the global pharmaceutical business. (nytimes.com)
Funds
- Why you have to measure a target date fund's exposure not just their holdings. (markovprocesses.com)
Electronics
- The Amazon Echo speaker is 50% off or just $89.99. (amazon.com)
- The Amazon Echo Dot speaker is just $34.99. (amazon.com)
- The Kindle Paperwhite e-reader is just $89.99 or $30 off. (amazon.com)
- The Alexa-powered Amazon Dash wand is free after a $20 credit. (amazon.com)
Economy
- Are young men really dropping out of the workforce to play video games? (bloomberg.com)
- The modern economy is putting additional value on non-cognitive skills like " self-confidence, sociability, and leadership." (voxeu.org)
Earlier on Abnormal Returns
- Research links: a strong investment process. (abnormalreturns.com)
- Private-label brands are taking over retail (and investing). (abnormalreturns.com)
- Investing is simpler than ever but still not simple enough. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: a tremendous boon. (abnormalreturns.com)
- There's nothing new under the sun: Amazon Prime Day is the new 'Christmas in July.' (abnormalreturns.com)
