Endorsement: Tim Harford thinks Garry Kasparov’s Deep Thinking: Where Machine Intelligence Ends and Human Creativity Begins is “great stuff.” (Tim Harford)
Quote of the Day
"Action is a business strategy. Worry is not. So make a plan, put it away for safekeeping and get back to work."
(Carl Richards)
Strategy
- Can you assess which factors are rich or cheap? (blogs.cfainstitute.org)
- Looking for cheap stocks? Here are some holes to fish in. (bloomberg.com)
- The value factor is cheap. (factorresearch.com)
Companies
- Why Amazon ($AMZN) shareholders should be wary of the plans for HQ2. (wsj.com)
- Robin Harding, "Mr. Buffett is brilliant at buying into monopoly profits, but he does not start companies or gamble on new ideas. America is full of entrepreneurs who do." (ft.com)
Offers
- Prime members can currently get $25 off an Amazon Fire HD 8 tablet. (amazon.com)
- Spend $25 at Amazon.com and get a free snack with the promo code PRIMESNACK. (amazon.com)
- Prime members can currently get $15 off an Amazon Fire 7 tablet. (amazon.com)
- If you are not a Prime member you can sign up today with a 30-day free trial. (amazon.com)
Finance
- How Homestead Capital grew to almost $600 million farmland AUM. (businessinsider.com)
- Private equity is the new hedge funds. (bloomberg.com)
Economics
- Median income in the US has hit new highs. (axios.com)
- Economic lessons from building the Erie Canal. (bloomberg.com)
- CORE is a new approach to teaching introductory macroeconomics. (newyorker.com)
- A Q&A with the always thoughtful Tyler Cowen. (vox.com)
Earlier on Abnormal Returns
- Research links: harvesting risk premiums. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: not big fans. (abnormalreturns.com)
- In private equity, illiquidity is a feature not a bug (abnormalreturns.com)
