Review: A Practitioner’s Guide to Asset Allocation by William Kinlaw, Mark P. Kritzman, and David Turkington is “a carefully researched book.” (Reading the Markets)
Quote of the Day
"It is not easy to draw a line between financial innovation and reckless speculation."
(Buttonwood)
Strategy
- The "best" stocks provide an illusion of safety. (ritholtz.com)
- Adam Grossman, "Truly outstanding investment opportunities usually lie somewhere off the beaten path, but only if you know what you’re looking for." (humbledollar.com)
- The behavioral reasons why value investing so difficult. (behaviouralinvestment.com)
Offers
- Prime members can currently get $15 off an Amazon Fire 7 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 $25 off an Amazon Fire HD 8 tablet. (amazon.com)
- If you are not a Prime member you can sign up today with a 30-day free trial. (amazon.com)
Apple
- By designing its own chips Apple ($AAPL) controls its own destiny. (om.co)
- Can Apple ($AAPL) really make facial recognition work in practice? (wsj.com)
- There is no company better than Apple ($AAPL) at playing the press. (buzzfeed.com)
- The iPhone 8 is a big upgrade but will it be overshadowed by the X? (wsj.com)
- Why Apple ($AAPL) wants a chunk of Toshiba's memory chip business. (bloomberg.com)
Crypto
- We are finding out how important China is/was to the crypto boom. (bloomberg.com)
- Why legal uncertainties make one investor wary of investing in Bitcoin. (brooklyninvestor.blogspot.com)
- It's difficult to dismiss the signs of hype around the recent ICO boom. (ft.com)
- The CBOE ($CBOE) plans to create Bitcoin futures. (qz.com)
Fund management
- The debate over passive vs. active investing stretches back to Ben Graham. (alphaarchitect.com)
- How BlackRock, State Street, and Vanguard approach voting their shares on controversial issues. (beta.morningstar.com)
- Fund concentration has been on the decline is open-end US equity mutual funds for awhile now. (beta.morningstar.com)
Books
- "The Driver in the Driverless Car: How Our Technology Choices Will Create the Future" by Vivek Wadha and Alex Salever is just $2.51 for the Kindle. (amazon.com)
- No time to read? Try the Blinkist app with a 20% discount.. Read or listen to the key insights from the best nonfiction books in a matter of minutes! Try it now! (blinkist.com)
- The hype around Ray Dalio's new book "Principles: Life and Work" is palpable. (amazon.com)
Global
- How Yu’e Bao acquired $211 billion in assets in its money market-type fund. (wsj.com)
- Asia is the new hot spot for activist investors. (wsj.com)
Indiana
- Indianapolis ranks 2nd on Glassdoor's list of "Best Cities for Jobs 2017." (indystar.com)
- Indiana is trying to use big data to combat the opioid crisis. (wired.com)
Economy
- The hurricane is pushing weekly initial unemployment claims higher. (calculatedriskblog.com)
- Americans are waiting longer and longer to get married. (bloomberg.com)
- Why Amazon ($AMZN) need not pick a big city for its new HQ. (bloomberg.com)
Earlier on Abnormal Returns
- Startup links: edge cases. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: reaching our aspirations. (abnormalreturns.com)
- In private equity, illiquidity is a feature not a bug (abnormalreturns.com)
