Review: The Wisdom of Finance: Discovering Humanity in the World of Risk and Return by Mihir Desai “is a charming, provocative and readable book.” (FT)
Quote of the Day
"Passive investing is a sideshow as far as stock valuations go. Pay attention to the supply and demand for stock on the whole, and the factors that might lead supply and demand to change."
(David Merkel)
Markets
Strategy
- Spend less time watching the markets. (humbledollar.com)
- Quality matters when in investing in microcaps. (factorinvestor.com)
Offers
- Finance professors rarely are protagonists in thrillers like Holly Bell's "Trading Salvos: A Kate Adams Novel." (amazon.com)
- Catch up with GOT: sign up for a free trial to HBO on Amazon Channels. (amazon.com)
- If you are going to commission a series of Minecraft books, "Minecraft: The Island: A Novel" make sure you kick it off with a great author like Max Brooks. (amazon.com)
Companies
- The case for Costco ($COST) stock in here. (barrons.com)
- Some good advice for Snap ($SNAP): don't do what Twitter ($TWTR) did. (vanityfair.com)
Finance
- Companies like Kroger ($KR) are issuing debt to shore up underfunded pension plans. (barrons.com)
- "MLPs exist because of the tax code." (sl-advisors.com)
Funds
Economy
- 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: empty pews. (abnormalreturns.com)
