Review: The End of Loyalty: The Rise and Fall of Good Jobs in America by Rick Wartzman chronicles a by-gone age. (WSJ)
Quote of the Day
"Nothing empowers a worker like the ability to walk out and take a better offer; in principle the gig economy offers exactly that."
(Tim Harford)
Markets
- Low-vol stocks are having a bad Summer. (capitalspectator.com)
- Chemical stocks are kickin *ss. (allstarcharts.com)
Strategy
- Ten rules for catching a bottom. (theirrelevantinvestor.com)
- Your superpower as an investor is patience. (mullooly.net)
- What does a 'trading edge' look like? (seeitmarket.com)
Membership
Companies
- The iPhone 8 rumor season is in full bloom. (daringfireball.net)
- What is Liberty Global Latin America ($LILAK) and why is John Malone buying more of it? (sumzero.com)
- Roku is coming public. (wsj.com)
Hedge funds
- "India-focused hedge funds were up 24% in the first half, according to Hedge Fund Research Inc., better than funds focused on any other single strategy or country." (wsj.com)
- It's not great being David Einhorn these days. (wsj.com)
- Warren Buffett doesn't care for hedge fund managers...except for his own. (fool.com)
Offers
- "Startup Opportunities: Know When to Quit Your Day Job" by Sean Wise and Brad Feld is still just $0.99 for the Kindle. (amazon.com)
- "Game of Thrones" is back! Sign up for a free trial to HBO through Amazon Channels. (amazon.com)
- Sign up for an Audible.com trial and get two free books including Scott Nation's "A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation." (amazon.com)
Funds
- Vanguard is the Amazon ($AMZN) of asset management. (silverlightinvest.com)
- The index fund as a great modern invention. (evidenceinvestor.co.uk)
- On the negative effects of fund flows and performance. (institutionalinvestor.com)
- Can Japanese bloggers help combat high fund fees? (reuters.com)
Global
Earlier on Abnormal Returns
- Podcast links: listening at chipmunk speed. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: Eurocorns. (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)
Mixed media
- Three things Warren Buffett did to become a great persuader. (inc.com)
- How Tyler Cowen gets so much writing done. (writingroutines.com)
- Wear your Twitter ($TWTR) trolls like a badge of honor. (thefelderreport.com)
- Seth Godin, "Caring is expensive, but it also generates loyalty and word of mouth." (sethgodin.typepad.com)
