Review: Ed Thorpe’s A Man for All Markets “is an enlightening story of someone who ought to be better known in investment circles.” (Enterprising Investor)
Quote of the Day
"I will always remember the reader comment who when things were about at their worst said to just put it all in a Hussman fund and forget about it. That sort of sentiment will resurface and it will be just as wrong the next time as it was in the past."
(Roger Nusbaum)
Chart of the Day
An example of why you should be wary of all-in or all-out market calls.
Markets
- American corporations have swapped equity for debt. Will we all regret it? (thefelderreport.com)
- We often talk about the Big Five tech companies but we really should about the 'Elite Eight.' (bloomberg.com)
- Can you have a gold rally without silver? (seeitmarket.com)
Due diligence
Strategy
- Did Warren Buffett kill value investing? (theirrelevantinvestor.com)
- GMO is not giving up on asset class mean reversion. (economist.com)
- A list of the top follows on Financial Twitter. (bpsandpieces.com)
Costco
- For companies like Costco ($COST) whose brand was built on lowering search costs the Internet is a serious threat. (intrinsicinvesting.com)
- Costco ($COST) shares have not recovered from the Amazon ($AMZN)-Whole Foods merger. (wsj.com)
Blockchain
- Scammers have jumped into the ICO pool. (theverge.com)
- Six big banks are pushing into the blockchain with a "utility settlement coin." (ft.com)
- Open a Coinbase account and transact $100 in cryptocurrency and get $10 in Bitcoin free. (coinbase.com)
Finance
- T+2 trade settlement is coming next week. (bloomberg.com)
- HFT firms are looking elsewhere for profits. (businessinsider.com)
- Subprime mortgage lending has quietly re-established itself. (ft.com)
Offers
- The Echo Dot is still just $44.99, a $5 discount. (amazon.com)
- Spend $25 at Amazon.com and get a free snack like a bag of carmel and cheese popcorn. (amazon.com)
- Don't send your kid to school without Amazon Prime Student which is still free for the first six months. (amazon.com)
Global
- Speculation is alive and well in the Vancouver housing market. (bloomberg.com)
- Only 1% of rupee notes went unaccounted for in last year's RBI exchange. (economist.com)
Economy
- Pre-Harvey weekly initial unemployment claims remained at historically low levels. (calculatedriskblog.com)
- Is poor health holding back the economy? (economistsview.typepad.com)
- The 1937 analogy is getting pretty tired. (bloomberg.com)
- The costs to start a farm these days will blow your mind. (fastcompany.com)
Books
- "Sensemaking: The Power of the Humanities in the Age of the Algorithm" by Christian Madsbjerg is just $2.99 for the Kindle. (amazon.com)
- No time to read? Try the Blinkist app. Read or listen to the key insights from the best nonfiction books in a matter of minutes! Try 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)
Earlier on Abnormal Returns
- Startup links: regular power users. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: life planning. (abnormalreturns.com)
