Review: Quantitative Momentum: A Practitioner’s Guide to Building a Momentum-Based Stock Selection System by Wes Gray and Jack Vogel is a “fantastic read.” (Market Misbehavior)
Quote of the Day
"In other words, the VC job is not to peer into the future but instead to come up with a process that allows you to construct a large set of different choices about what the future potentially could be."
(Andy Weisman)
Markets
- Yes, stocks are expensive. (validea.com)
- CTA performance bounced back in July. (mrzepczynski.blogspot.com)
Strategy
- What will the next bear market look like? (fortunefinancialadvisors.com)
- Traders have to pay themselves or risk a blow up down the line. (medium.com)
Offers
- Buy two Amazon Echo devices and receive $100 off your order with code ECHO2PACK. (amazon.com)
- Trade in your old Kindle and get $20 off a new one. (amazon.com)
Apple
- Apple ($AAPL) Q3 earnings were a big surprise to the market. (qz.com)
- Apple ($AAPL) revenue growth is reaccelerating. (recode.net)
- Apple ($AAPL) is on a monetization path of its customers, like it or not. (stratechery.com)
- Being an Apple ($AAPL) supplier can be a risky proposition. (bloomberg.com)
- A modest proposal for $20 billion of Apple's ($AAPL) $260 billion cash hoard. (thereformedbroker.com)
Finance
- Index providers are finally pushing back against dual-class shares. (wsj.com)
- Not much has changed in the credit ratings industry post-financial crisis. (bloomberg.com)
Cryptocurrencies
- Why Bitcoin's fork is a good thing. (bloomberg.com)
- Good luck trying to pick a winner in the cryptocurrency horse race. (aswathdamodaran.blogspot.in)
Hedge funds
Funds
- Fidelity has cut expenses on its stock and bond index funds to Vanguard-like levels. (investmentnews.com)
- A large cash holding does not make a low-risk fund. (beta.morningstar.com)
- The August Mutual Fund Observer commentary is up with a look at why fund managers can't duplicate what Warren Buffett does/did. (mutualfundobserver.com)
Global
Economy
- The July ADP National Employment Report was on track. (calculatedriskblog.com)
- Men are going to bear the brunt of the robot revolution. (wired.com)
Earlier on Abnormal Returns
- Personal finance links: the right intent. (abnormalreturns.com)
- The top ten books Abnormal Returns readers purchased in July 2017. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: shrinking alphas. (abnormalreturns.com)
- The hidden genius of robo-advice: overcoming algorithm aversion. (abnormalreturns.com)
- Asset allocators gotta allocate, but they don't have to hate. (abnormalreturns.com)
