Review: Why Buddhism Is True: The Science and Philosophy of Meditation and Enlightenment is Robert Wright’s most ambitious book. (Scientific American)
Quote of the Day
"It is human nature to believe something must always be done. Yet we overrate our abilities to do it and it is awfully hard to make the case for passivity."
(Tim Harford)
Chart of the Day
What would your investment philosophy look like in a one-pager? (via @ToddWenning)
August
- How major asset classes performed in August 2017. (capitalspectator.com)
- August returns were a bit bipolar. (mrzepczynski.blogspot.com)
- Emerging markets were at the head of the class in August. (macromon.wordpress.com)
- The US dollar is just getting crushed. (qz.com)
Strategy
- What is the right amount of international diversification? (beta.morningstar.com)
- Investing based on your political beliefs is always a bad idea. (thereformedbroker.com)
- Why you need a 'process goal.' (awealthofcommonsense.com)
Blinkist
- "Sensemaking: The Power of the Humanities in the Age of the Algorithm" by Christian Madsbjerg is just $2.99 for the Kindle. (amazon.com)
- Listen to summaries of 2000+ non-fiction books including Joel Greenblatt's "The Little Book That Beats the Market" and get 20% OFF a new Blinkist subscription. (blinkist.com)
Bitcoin
- Is the cryptocurrency boom being driven by hedge funds chasing? (qz.com)
- Why is the Bitcoin Investment Trust ($GBTC) trading at such a high premium? (marketwatch.com)
- More signs of bubbles in token-land. (ftalphaville.ft.com)
Finance
- What the f*ck is PE going to do with nearly $1 trillion in dry powder. (bloomberg.com)
- Vanguard voted against Wells Fargo's ($WFC) slate of directors. (blogs.wsj.com)
- Zelle is the big bank's answer to Venmo. (buzzfeed.com)
Offers
- Don't send your kid to school without Amazon Prime Student which is still free for the first six months. (amazon.com)
- Spend $25 at Amazon.com and get a free snack like a bag of carmel and cheese popcorn. (amazon.com)
- Amazon is still offering the Echo Dot at a discount. (amazon.com)
Economy
- The August NFP showed a steady unemployment rate. (calculatedriskblog.com)
- Two signs the US economy is doing great. (washingtonpost.com)
- Why is everybody so worked up about the Fed shrinking its balance sheet? (pragcap.com)
- Market power explains why corporate profit margins are on the rise. (bloomberg.com)
- American dads keep getting older. (mercurynews.com)
Earlier on Abnormal Returns
- Podcast links: stretching out. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in August 2017. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: regular power users. (abnormalreturns.com)
