Excerpt: Everybody Lies: What the Internet Can Tell Us About Who We Really Are by Seth Stephens-Davidowitz is genuinely frightening. (Guardian)
Quote of the Day
"Edges come and go because markets are constantly changing – sometimes, in a predictable, cyclical manner; other times, in a completely new and unexpected way. The path to survive and grow is to constantly experiment with new ways to make money and protect capital."
(Ivanhoff)
Chart of the Day
Fred Wilson, “Bubbles always attract people who are chasing the easy money. And those people come and go.”
Markets
- "When you think about micro cap, think of a revolving door where firms are constantly entering and leaving for different reasons." (factorinvestor.com)
- Good (and bad) investments play out over time. (investingcaffeine.com)
- The case for a tech-led market bubble. (l2inc.com)
Strategy
- How innovative are you as a trader? (traderfeed.blogspot.ca)
- On the parallels between investing and driving well. (stockcharts.com)
- 12 ways to get labeled as a financial rube. (humbledollar.com)
Offers
- Summer read alert: the thriller "Afterlife" by Marcus Sakey is just $4.99 for the Kindle. (amazon.com)
- "Game of Thrones" is back! Sign up for a free trial to HBO through Amazon Channels. (amazon.com)
Companies
- Should industrial distribution firms fear Amazon ($AMZN)? (bloomberg.com)
- Amazon ($AMZN) Prime Day has got nothing on Alibaba's ($BABA) Singles Day. (visualcapitalist.com)
Companies
- It's nearly impossible to "slice and dice" Apple's ($AAPL) results. (asymco.com)
- It's hard to see how things turn out well for the publicly traded movie theater companies. (barrons.com)
- P&G ($PG) wants to kill your bugs. (wsj.com)
- Spring ($S) is looking kind of desperate. (wsj.com)
Finance
- Even smart companies, like Costco ($COST), can't seem to get share repurchases correct. (brontecapital.blogspot.com)
- Jeff Carter, "What if CME were to convert the trading permits to an ICO?" (pointsandfigures.com)
Funds
- Hedge fund of funds need to "evolve or evaporate." (wsj.com)
- How managers pay for research is going to change forever. (barrons.com)
- "So, are we really witnessing a migration from active to passive, or just a migration from passive to cheaper passive?" (blog.knowledgeleaderscapital.com)
Global
Economy
- A less volatile housing market makes for a less volatile economy. (bloomberg.com)
- Idaho does not want you to switch jobs. (nytimes.com)
- Nevada's new legal weed market is a mess. (news.vice.com)
- What CEOs had to say about the economy this week. (avondaleam.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: building better habits. (abnormalreturns.com)
