Excerpt: From Mark Manson’s The Subtle Art of Not Giving a F*ck: A Counterintuitive Approach to Living a Good Life, “The desire for more positive experience is itself a negative experience. And, paradoxically, the acceptance of one’s negative experience is itself a positive experience.” (kottke)
Quote of the Day
"Ironically, the proliferation of index funds has made investing more complicated, not less. Gone are the days of the two-asset portfolio. The challenge now facing investors is how to construct a portfolio from the huge variety of country, sector and factor index funds."
(Nir Kaissar)
Markets
- Honest business news updates are few and far between. (collaborativefund.com)
- Individual investors are out of cash. (jlfmi.tumblr.com)
- The decline in daily volatility visualized. (crossingwallstreet.com)
Strategy
- Michael Batnick, "Investors need to stop thinking in terms of black or white, all in or all out." (theirrelevantinvestor.com)
- You don't need to own stocks if you don't want to. (mebfaber.com)
- You can't 'maximize shareholder value' without satisfying customers along the way. (pragcap.com)
Offers
- Buy two Amazon Echo devices and receive $100 off your order with code ECHO2PACK. (amazon.com)
- Trade in your old, beat up Kindle and get $20 off a new one. (amazon.com)
- Buy a $100 of digital currency at Coinbase and get $10 in Bitcoin free! (coinbase.com)
Companies
- Stripe and Amazon ($AMZN) are working together. (bloomberg.com)
- How the *?!# do you value Amazon ($AMZN)? (marketfox.org)
- How 3G is trying to boost growth at Kraft Heinz ($KHC). (bloomberg.com)
Hedge funds
- After big losses Andy Hall's Astenbeck Capital is shutting its main oil-focused hedge fund. (beta.morningstar.com)
- GSAM's quant unit is growing assets again. (bloomberg.com)
- Now Och-Ziff ($OZM) is experiencing significant outflows. (wsj.com)
Economy
- Trying to predict the start of the next recession is a waste of time. (bloomberg.com)
- The worrying track for personal savings. (ftalphaville.ft.com)
- Weekly initial unemployment claims are still at historically low levels. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Startup links: customer pain points. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: the right intent. (abnormalreturns.com)
- The top ten books Abnormal Returns readers purchased in July 2017. (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)
