List: A personal finance reading list including Helaine Olen’s Pound Foolish: Exposing the Dark Side of the Personal Finance Industry. (HumbleDollar)
Quote of the Day
"For me, there is only one kind of investing: When you look at something, you don't think, 'Is it going up or down tomorrow?' ... You say, 'What is the intrinsic value?' and then you say, 'Can I buy it for less? There is no intrinsic value in bitcoin."
(Howard Marks)
Markets
- There are no oversold conditions anywhere. (allstarcharts.com)
- The best (and worst) performing sectors of 2017. (visualcapitalist.com)
- Wait for fear to subside before jumping back in. (twitter.com)
- Q2 was an historically good earning season. (bloomberg.com)
- Don't look to markets to predict political events. (economist.com)
Quants
- What are the odds of another 'quant quake'? (extractalpha.com)
- Quants are eating their own young. (thereformedbroker.com)
- Hedge funds are hanging their hats on being the bastion of 'price discovery.' (bloomberg.com)
Offers
- Use code “READING30” at checkout for an exclusive $30 discount on Kindle Paperwhite. (amazon.com)
- "Peak: Secrets from the New Science of Expertise" by Anders Ericsson is just $2.99 for the Kindle. (amazon.com)
- Sign up for Amazon Prime Student and get six months free! (amazon.com)
- "The Alchemists: Three Central Bankers and a World on Fire" by Neil Irwin is just $6.99 for the Kindle. (amazon.com)
Companies
- Investing with John Malone-related entities would have been a profitable one over the past decade. (bloomberg.com)
- IBM ($IBM) rarely passes up an opportunity to hype 'Watson.' (gizmodo.com)
Funds
- Three arguments against the rise of indexing. (beta.morningstar.com)
- Trading bonds for bond index funds requires professionals with patience. (vanguardinstitutionalblog.com)
- Can you overdiversify your portfolio? (blogs.wsj.com)
Economy
- Rhetoric aside, investment in American infrastructure is on the decline. (economist.com)
- Why American teens don't work Summer jobs anymore...they're in school. (qz.com)
Earlier on Abnormal Returns
- Podcast links: advertising floodgates. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: all about execution. (abnormalreturns.com)
- Every big trend has unintended side effects: the case of indexing. (abnormalreturns.com)
