List: These are the most important business books of all-time including The Lords of Finance: The Bankers Who Broke the World by Liaquat Ahamed. (Business Insider)
Quote of the Day
"If you make great connections, they might advance your career. If you do great work, those connections will be easier to make. Let your insights and your outputs — not your business cards — do the talking."
(Adam Grant)
Markets
- Fund managers are hating on the US dollar. (bloomberg.com)
- Median profit margins are headed higher globally. (topdowncharts.com)
- Sell US stocks, buy Canadian stocks. (themacrotourist.com)
Strategy
- A lot can be automated when building a portfolio but not everything. (awealthofcommonsense.com)
- Sell decision dynamics for a stock and a fund are different. (behaviouralinvestment.com)
- Four reasons NOT to own the market portfolio. (beta.morningstar.com)
- Nine ways to structure things to combat confirmation bias. (sumzero.com)
- The Shiller CAPE is a not a short-term indicator. (validea.com)
Offers
- Amazon Prime Student is still free for the first six months. (amazon.com)
- Spend $25 at Amazon.com and get a free snack like a bag of yummy carmel and cheese popcorn. (amazon.com)
- The Echo Dot is still just $44.99, a $5 discount. (amazon.com)
Finance
- Day trading the $VIX-complex is apparently now a thing. (nytimes.com)
- Fraudsters are jumping on the cryptocurrency train. (ftalphaville.ft.com)
Quants
- Four-types of 'alternative data' hedge funds are using to analyze companies. (ft.com)
- New quant fund managers want to leapfrog what existing quants are doing. (institutionalinvestor.com)
Firm culture
- Companies should encourage employees to advance even if it means it happens at another employer. (chenmarkcapital.com)
- Returns matter, but so do values and social impact. (fiduciary-matters.russellinvestments.com)
- The investment industry is undergoing a change in mindset and attitude. (blogs.cfainstitute.org)
Books
- Ever read 4 books in one day? Read or listen to the best nonfiction books in a matter of minutes! Try the Blinkist app now. (jump.blinkist.com)
- "What Doesn't Kill Us: How Freezing Water, Extreme Altitude, and Environmental Conditioning Will Renew Our Lost Evolutionary Strength" by Scott Carney is just $4.99 for the Kindle. (amazon.com)
Economy
- US consumer confidence is near its highest level since 2000. (bloomberg.com)
- More evidence that Millennials are lagging their parent's generation economically. (ft.com)
- Teacher shortages are a nationwide problem. (washingtonpost.com)
Earlier on Abnormal Returns
- Research links: a sloppy definition. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: a big deal. (abnormalreturns.com)
