Review: The Money Formula: Dodgy Finance, Pseudo Science, and How Mathematicians Took Over the Markets by Paul Wilott and David Orrell is a “worthwhile read.” (Reading the Markets)
Quote of the Day
For investment decision makers, those two questions should always be at the ready: “Is that actually what happened? Do we really understand it?”
(Tom Brakke)
Markets
- Global stock correlations have fallen. (thereformedbroker.com)
- Some Bitcoin skepticism. (marketwatch.com)
Strategy
- Chas Boinske, "We human beings are often overconfident about the patterns we “see” in financial data, failing to realize how noisy that data can be." (blog.independenceadvisors.com)
- There are different types of diversification. (mrzepczynski.blogspot.com)
Offers
- The Bose Soundlink wireless headphones are currently $50 off at Amazon.com. (amazon.com)
- Finance professors rarely are protagonists in thrillers like Holly Bell's "Trading Salvos: A Kate Adams Novel." (amazon.com)
- Catch up with GOT: sign up for a free trial to HBO on Amazon Channels. (amazon.com)
Companies
- Is someone messing with people's guts to knock Chipotle's ($CMG) stock price down? (bloomberg.com)
- Does McDonald's ($MCD) have a digital strategy? (bloomberg.com)
- John Deere ($DE) is increasingly looking like a bank. (modernfarmer.com)
Funds
- A Q&A with Tim Buckley the soon-to-be CEO of Vanguard Investments. (bloomberg.com)
- Target date funds switch their 'glidepaths' more than you think. (markovprocesses.com)
- Five reasons to love index investing. (monevator.com)
Economy
- Maybe we have productivity all wrong. (mobile.nytimes.com)
- Massachusetts is no longer Taxachusetts...for now. (bloomberg.com)
- The mortgage interest rate deduction has no effect on homeownership. (blogs.wsj.com)
Earlier on Abnormal Returns
- Research links: noisy management. (abnormalreturns.com)
- Time spent watching the stock market is time wasted. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: the horse race. (abnormalreturns.com)
