Review: Joel Tillinghast’s Big Money Thinks Small: Biases, Blind Spots, and Smarter Investing is “a cornucopia of investing wisdom.” (Reading the Markets)
Quote of the Day
"Does Bridgewater ever analyze whether its culture of constant self-examination and radical transparency is actually good for its investing?"
(Matt Levine)
Strategy
- Backtests are easy. Fronttests are hard. (awealthofcommonsense.com)
- What sailing can teach us about investing. (validea.com)
- Josh Brown, What’s interesting is that the feeling of owning Bitcoin is almost exactly the same as that of owning a stock." (thereformedbroker.com)
Offers
- Prime members can currently get $15 off an Amazon Fire 7 tablet. (amazon.com)
- Prime members can currently get $25 off an Amazon Fire HD 8 tablet. (amazon.com)
- If you are not a Prime member you can sign up today with a 30-day free trial. (amazon.com)
Retail
- Why Kirkland Signature products are so important for Costco ($COST). (wsj.com)
- Customer traffic is up big at Whole Foods. (bloomberg.com)
Finance
- Private equity firms are buying each other. (wsj.com)
- Why banks should make more use of open APIs. (tearsheet.co)
- Taxi medallion ownership was once a sure thing. Not any more especially when you borrowed money to buy it. (nytimes.com)
Cryptocurrencies
- China to shut cryptocurrency exchanges. (bloomberg.com)
- Bitcoin bears are yearning for Bitcoin futures. (ft.com)
- Happy talk about the future of crypto post a China ban. (qz.com)
Economy
- Demographics have driven (in part) global deflation. That trend is set to change. (themacrotourist.com)
- Companies are looking to cities with underutilized workforces. (wsj.com)
Earlier on Abnormal Returns
- ETF links: not big fans. (abnormalreturns.com)
- In private equity, illiquidity is a feature not a bug (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
