List: These are the 17 books on the long list for the FT & McKinsey business book of the year award including Hit Refresh: The Quest to Rediscover Microsoft’s Soul and Imagine a Better Future for Everyone by Satya Nadella. (FT)
Quote of the Day
"The world has changed a lot and the pace of change has quickened. A re-mapping project is likely in order."
(Tom Brakke)
Markets
- Many a pundit has tried to call the top of this bull market. (ft.com)
- Are real interest rates all that low? (ftalphaville.ft.com)
Strategy
Blinkist
- In this podcast with Patrick O'Shaughnessy, Morgan Housel recommended Blinkist which provides text (and audio) summaries of 2000+ non-fiction books. (investorfieldguide.com)
- Sign-up for a free trial to Blinkist now! (jump.blinkist.com)
Companies
- Alibaba ($BABA) is closing the market cap gap with Amazon ($AMZN). (qz.com)
- The case for Under Armour ($UA) stock being undervalued. (barrons.com)
- Should Twitter ($TWTR) adopt a subscription model? (ft.com)
Retail
- Target ($TGT) needs to take grocery sales more seriously. (bloomberg.com)
- The Amazon ($AMZN)-WalMart ($WMT) battle is only going to get more interesting. (marketplace.org)
Finance
- HFT firms are merging amidst a drawdown in profits. (wsj.com)
- More signs that PE firms are flush with 'dry powder.' (ft.com)
Fund mangement
- Why more mutual funds need to adopt performance fees. (beta.morningstar.com)
- Women are "natural compliance officers." (blogs.cfainstitute.org)
Offers
- Buy a Kindle Paperwhite and get six months of Kindle Unlimited free. (amazon.com)
- Sign up for Amazon Prime Student and get six months free! (amazon.com)
- Buy two Amazon Echo devices and receive $100 off your order with code ECHO2PACK. (amazon.com)
Economy
- Weekly initial unemployment claims continue trucking along. (calculatedriskblog.com)
- Why you shouldn't be concerned about the rise in household debt levels. (bloomberg.com)
- A look at the Great Lakes region as "economic powerhouse." (visualcapitalist.com)
Earlier on Abnormal Returns
- Startup links: 90% of new ventures. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Our book link round-up for August 2017. (abnormalreturns.com)
- Personal finance links: idiotic trades. (abnormalreturns.com)
- In today's stressful age "just calming down a little" is a worthy goal. (abnormalreturns.com)
- In the financial markets every year is the year of the goat. (abnormalreturns.com)
