Notes: 20 lessons from Eric Barker’s Barking Up the Wrong Tree: The Surprising Science Behind Why Everything You Know About Success is (Mostly) Wrong. (Ivanhoff Capital
Quote of the Day
“There’s no way to determine whether volatility is too high or too low. It just is what it is.”
(G. William Schwert)
Markets
- There is always a handful of stocks dominating the market. (awealthofcommonsense.com)
- It's easy to overthink things in markets. (theirrelevantinvestor.com)
Netflix
- Don't be fooled by hindsight bias, Netflix's ($NFLX) success was never certain. (pensionpartners.com)
- What would happen if Netflix ($NFLX) cracked down on password sharing? (qz.com)
- Netflix ($NFLX) now recognizes that each show it makes needs to garner a decent audience. (qz.com)
- Netflix ($NFLX) continues to push its way on the turf of the big movie studios. (washingtonpost.com)
- Netflix ($NFLX) has been very effective in producing shows people want to watch. (ft.com)
Offers
- "Game of Thrones" is back! Sign up for a free trial to HBO through Amazon Channels. (amazon.com)
- Buy (or sell) $100 of digital coins on Coinbase and get $10 in Bitcoin free! (coinbase.com)
- Summer read alert: the thriller "Afterlife" by Marcus Sakey is just $4.99 for the Kindle. (amazon.com)
Companies
- The risk facing prime malls. (ft.com)
- Amazon ($AMZN) is now going to stock Kenmore appliances. (buzzfeed.com)
- Wal-Mart ($WMT) is not rolling over and playing dead. (l2inc.com)
Finance
- Betterment just raised money at a $800 million valuation. (bloomberg.com)
- Fintech means different things to different constituencies. (visualcapitalist.com)
Funds
- Why target-date funds should hold some venture capital. (beta.morningstar.com)
- Evidence-based investing is still in its infancy in France. (evidenceinvestor.co.uk)
Global
Economy
- Weekly initial unemployment claims are still trending at historically low levels. (calculatedriskblog.com)
- Potential output estimates are pretty much worthless. (ftalphaville.ft.com)
Earlier on Abnormal Returns
- Podcast links: expanding the medium. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: money in vs. money out. (abnormalreturns.com)
- Americans hate drug companies more than they do Wall Street. (abnormalreturns.com)
- Don't second guess your decision to enter finance says Mihir Desai author of "The Wisdom of Finance: Discovering Humanity in the World of Risk and Return." (abnormalreturns.com)
