Review: “Lo’s new book [Adaptive Markets: Financial Evolution at the Speed of Thought] is a fascinating exploration of the evolution of financial innovation.” (Larry Swedroe)
Quote of the Day
"Uber is now big and important and messy enough to have its own activist battles -- but it is still private, which gives the activist battles an extra layer of weirdness."
(Matt Levine)
Markets
- Bull and bear markets are about more than the numbers. (bloomberg.com)
- Some thoughts on how various sectors did earnings-wise in Q2. (ericcinnamond.com)
- Some stocks are always doing worse than the averages. (theirrelevantinvestor.com)
Strategy
- Dividend stocks are NOT a substitute for bonds. (obliviousinvestor.com)
- How frictions impede our ability to made investment decisions. (mrzepczynski.blogspot.com)
Big Money Thinks Small
- An excerpt from the new book by Joel Tillinghast, who is the legendary portfolio manager of the Fidelity Low-Priced Stock Fund, and author of "Big Money Thinks Small: Biases, Blind Spots and Smarter Investing." (barrons.com)
- You can order "Big Money Thinks Small: Biases, Blind Spots and Smarter Investing" from Amazon.com. (amazon.com)
Finance
- There is no shortage of demand for data scientists on Wall Street. (ft.com)
- What are 'credit risk transfer securities' that Fannie and Freddie are selling? (qz.com)
Offers
- "Blindspot: Hidden Biases of Good People" by Mahzarin R. Banaji and Anthony G. Greenwald is just $1.99 for the Kindle. (amazon.com)
- Sign up for Amazon Prime Student and get six months free! (amazon.com)
- Use code “READING30” at checkout for an exclusive $30 discount on Kindle Paperwhite. (amazon.com)
- "The Leading Brain: Powerful Science-Based Strategies for Achieving Peak Performance " by Friederike Fabritius and Hans W. Hagemann is just $1.99 for the Kindle. (amazon.com)
Earlier on Abnormal Returns
- ETF links: volume shrinkage. (abnormalreturns.com)
- In the financial markets every year is the year of the goat. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
