Q&A: Robin Powell talks with Meir Statman author of Finance for Normal People: How Investors and Markets Behave. (carbon financial)
Quote of the Day
"The investing industry is filled with brilliant people and terrible results. The reason is that the field has less to do with the kind of knowledge that makes a good physicist, and more to do with the rare intellectual flexibility and nimbleness that makes a good flu vaccine researcher."
(Morgan Housel)
Strategy
- A look back at Glassman and Hackett's "Dow 36,000" 18 years later. (beta.morningstar.com)
- Swap US equities for Japanese equities. (themacrotourist.com)
Companies
- Integrating Yahoo and AOL is going to be a thankless tak. (vanityfair.com)
- Insider trading is alive and well in the biotech world. (medium.com)
Cryptocurrencies
- Goldman Sachs ($GS) is not ignoring the cryptocurrency boom. (ftalphaville.ft.com)
- Fundstrat Founder Tom Lee is bullish on Bitcoin. (businessinsider.com)
- Open a Coinbase account and trade $100 in cryptocurrencies and get $10 in Bitcoin free. (coinbase.com)
- Blockchain-based technologies will continue to put pressure on financial services incumbents. (allaboutalpha.com)
Funds
- Things to keep in mind if you are going to go the ESG route. (allaboutyourbenjamins.com)
- Can managed futures be a substitute for corporate bonds? (mrzepczynski.blogspot.com)
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)
Economy
- Immigration is well below post-war peaks. (medium.com)
- It's hard to imagine an American future absent robust immigration. (bloomberg.com)
Earlier on Abnormal Returns
- Podcast links: podcast central. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: 90% of new ventures. (abnormalreturns.com)
- Our book link round-up for August 2017. (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)
