List: A critical list of behavioral economics reading including Phil Rosenzweig’s Left Brain, Right Stuff: How Leaders Make Winning Decisions. (Jason Collins)
Quote of the Day
"(T)he move to low-cost investing is a secular shift. That’s the biggest idea those who call these things a bubble fail to realize. Those in the fund management industry who fail to understand this sea change risk being left behind by cost-conscious investors."
(Ben Carlson)
Markets
- The rise in international equity markets has been a relief for diversified investors. (theirrelevantinvestor.com)
- Low volatility is a global phenomenon. (capitalspectator.com)
- Should this ad make us nervous? (brontecapital.blogspot.com)
Strategy
- Why smart beta strategies often disappoint. (bloomberg.com)
- 15 lessons for global macro investors from the global financial crisis. (markdow.tumblr.com)
- The math of Whole Foods ($WFM) as a special situation. (valueandopportunity.com)
Managed futures
- Low volatility is not the problem with managed futures. (bloomberg.com)
- Is the trendfollowing model for CTAs broken? (priceactionlab.com)
- A managed futures allocation is a long-term proposition. (mrzepczynski.blogspot.com)
Offers
- Sign up for an Audible.com trial and get two free books including Scott Nation's "A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation." (amazon.com)
- "Game of Thrones" is back! Sign up for a free trial to HBO through Amazon Channels. (amazon.com)
Amazon
- The most popular products around the world on Amazon ($AMZN) Prime Day. (qz.com)
- The Dot is Amazon's ($AMZN) most important device. (wired.com)
Corporations
- Corporate VC investment is on the rise. (ftalphaville.ft.com)
- Social media has made being a 'bad CEO' a short-term proposition. (washingtonpost.com)
- Killing off "zombie firms" would help increase productivity. (economist.com)
Streaming music
- Spotify's margins keep shrinking. (cnbc.com)
- Soundcloud still has a cash flow problem. (techcrunch.com)
Finance
- HFTs are going out of business left and right. (bloomberg.com)
- Traditional asset managers are struggling with alternative/big data. (institutionalinvestor.com)
Funds
Membership
Economy
- Weekly initial unemployment claims are hanging around at low levels. (calculatedriskblog.com)
- The markets have overestimated Yellen's dovishness. (bloomberg.com)
- Why are American wages stagnant? (slate.com)
Earlier on Abnormal Returns
- Startup links: Eurocorns. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: nervous about the market. (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)
- There's nothing new under the sun: Amazon Prime Day is the new 'Christmas in July.' (abnormalreturns.com)
