Review: Jesse Eisinger’s The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives is a “wakeup call.” (NPR)
Quote of the Day
"Asset owners, addicted to high returns, engage in secretive and selfish behaviors that, over time, further deplete and pollute the stock of these returns."
(Ashby Monk)
Chart of the Day
Since the launch of the iPhone, Apple ($AAPL) has made as much in profits as Microsoft ($MSFT) and Alphabet ($GOOGL) combined.
Markets
Strategy
- Market timing comes with a cost. (bloomberg.com)
- Why aren't more people short the FANG stocks? (bloomberg.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 $10 in Bitcoin free! (coinbase.com)
Companies
- Steve Mollenkopf, CEO of Qualcomm ($QCOM), defines what the company does. (businessinsider.com)
- Is Twitter's ($TWTR) ultimate salvation, video? (businessinsider.com)
- Twitter ($TWTR) loves obscure sports. (bloomberg.com)
Finance
- T+2 is coming September 5th. (investornews.vanguard)
- Mobile pay adoption has been underwhelming. (businessinsider.com)
Funds
- Go-for-broke hedge fund types are a dying breed. (wsj.com)
- ESG strategies are getting a boost from the current administration. (thereformedbroker.com)
Economy
- The July NFP report was another in long string of solid reports. (calculatedriskblog.com)
- The jobs recovery is spreading. (fivethirtyeight.com)
- Can ex-cons ease the labor shortage? (strategy-business.com)
- How big data will affect risk pooling for health insurance. (bloomberg.com)
- Where farm prices are rising. (bloomberg.com)
Earlier on Abnormal Returns
- Podcast links: a comprehension drop-off. (abnormalreturns.com)
- The first rule of investing is.... (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: customer pain points. (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)
