Endorsement: “As far as I’m concerned, there isn’t anyone who shouldn’t read Drop the Ball: Achieve More by Doing Less [by Tiffany Dufu].” (Business Insider)
Quote of the Day
"There is also no financial reason that dictates that commodities must exhibit mean reversion. They provide no dividends or income. They don’t have earnings. Commodities are more of an input than a financial asset. In many ways, a bet for commodities is a bet against technology and innovation."
(Ben Carlson)
Markets
- Another week, another big week of across-the-board asset class gains. (capitalspectator.com)
- What is a 'hard fork' and how would it affect Bitcoin? (bloomberg.com)
Strategy
- Why its so hard, psychologically, to be a contrarian investor. (medium.com)
- Diversification is a multi-faceted affair. (awealthofcommonsense.com)
- Just like everyone else Tiger 21 look like performance chasers. (bloomberg.com)
- What icons represent bullish or bearish thoughts? (blog.stocktwits.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)
- The Amazon Echo is currently $50 off for a limited time. (amazon.com)
Companies
- Snap ($SNAP) is not a social network, its a "toy." (vanityfair.com)
- KKR ($KKR) is buying WebMD ($WBMD). (bloomberg.com)
- The Tesla ($TSLA) Model 3 is its chance for profitability. (ft.com)
- Don't laugh. Amazon ($AMZN) could get broken up some day. (thereformedbroker.com)
Hedge funds
Fund biz
- Fee pressure in the managed futures space. (pionline.com)
- Passive management works in emerging markets. (etf.com)
Global
- Canadians are buying more US real estate. (businessinsider.com)
- Chinese stocks are bifurcating. (wsj.com)
Economy
- Canadian fires are helping to drive lumber prices higher. (wsj.com)
- The US wheat crop has been decimated by drought. (modernfarmer.com)
Earlier on Abnormal Returns
- ETF links: the horse race. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks this week on the site. (abnormalreturns.com)
