Review: “Everyone should be able to benefit from reading this book [Standard Deviations, Flawed Assumptions, Tortured Data and Other Ways to Lie with Statistics by economist Gary Smith]. (Dual Momentum)
Quote of the Day
"Putting yourself in a position to have to hit home runs in order to survive is a recipe for failure. Trust me, I’ve lived this. I don’t wish this torture on anyone."
(Sean McLaughlin)
Markets
Strategy
- Young investors can learn a lot just by getting started. (awealthofcommonsense.com)
- Moat, not a moat: you make the call. (blog.johnsoninv.com)
- 8 honest truths about investing. (alphabaskets.com)
Offers
- Buy two Amazon Echo devices and receive $100 off your order with code ECHO2PACK. (amazon.com)
- Sign up for Amazon Prime Student and get six months free! (amazon.com)
- Use code “READING30” at checkout for an exclusive $30 discount on Kindle Paperwhite. (amazon.com)
Amazon
- Which retailer's stock looks better: Wal-Mart ($WMT) or Amazon ($AMZN)? (thereformedbroker.com)
- Watching Hulu Live? You can thank AWS for that. (fortune.com)
- Amazon ($AMZN) can borrow at rates below that of most countries. (qz.com)
Cryptocurrencies
- We will only know if Bitcoin is in a bubble in retrospect. (medium.com)
- Bitcoin has some big names lined up against it. (twitter.com)
Companies
- How does WeChat make money? (qz.com)
- PayPal ($PYPL) is not afraid to partner with anybody. (tearsheet.co)
- Apple ($AAPL) is going start throwing money around Hollywood. (wsj.com)
Finance
Hedge funds
- Renaissance Technologies post-election raised capital for its flagship Medallion fund. (bloomberg.com)
- Smart managers are pushing to find more female fund managers. (ft.com)
Economy
- Americans are quitting jobs at an increasing rate. (washingtonpost.com)
- Used car prices are at a new low for the economic recovery. (finuke.com)
- Jobs growth AND wage growth are pretty solid. (economistsview.typepad.com)
- Why you shouldn't be worried about household debt. (pragcap.com)
Earlier on Abnormal Returns
- Personal finance links: idiotic trades. (abnormalreturns.com)
- In today's stressful age "just calming down a little" is a worthy goal. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Our book link round-up for August 2017. (abnormalreturns.com)
- Research links: risk management processes. (abnormalreturns.com)
- In the financial markets every year is the year of the goat. (abnormalreturns.com)
