Review: A First-Class Catastrophe: The Road to Black Monday, the Worst Day in Stock Market History by Diana Henriques “is a first-class book.” (Reading the Markets)
Quote of the Day
"What’s happening to crypto now is what happened to Dogecoin...I’m worried that this time, it’s on a much grander scale.”
(Jackson Palmer creator of Dogecoin)
Chart of the Day
Brexit, who cares? The British Pound is rallying relative to the US dollar.
Markets
- The US dollar has not been this oversold in nearly a decade. (seeitmarket.com)
- Robert Shiller, "Mass psychology appears to be in a different, calmer place." (nytimes.com)
- Bonds are still not much competition for stocks. (disciplinedinvesting.blogspot.com)
Strategy
- Brett Steenbarger, "Show me your daily routine, and I'll show you your commitments." (traderfeed.blogspot.com)
- Billionaires didn't get rich by timing the market. (bloomberg.com)
Books
- "The Everything Store: Jeff Bezos and the Age of Amazon" by Brad Stone is today just $2.99 for the Kindle. (amazon.com)
- "Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future" by Ashlee Vance is today just $1.99 for the Kindle. (amazon.com)
- "Think Like a Freak: The Authors of Freakonomics Offer to Retrain Your Brain" by Steven Levitt and Stephen Dubner is just $1.99 for the Kindle. (amazon.com)
Finance
- PE has been getting the benefit of the doubt from the high yield bond market. (bloomberg.com)
- Why don't we take data privacy seriously? (bloomberg.com)
Fund management
- Private equity replication should help bring down fees on PE. (blogs.wsj.com)
- Smaller nonprofits should focus on simple, cheap portfolios. (nytimes.com)
Economics
- Incomes are rising but men are still lagging. (marginalrevolution.com)
- Millennials are buying SUVs to drive to their suburban homes. (npr.org)
- What CEOs had to say about the economy this week. (avondaleam.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
- MIT is going to offer a joint degree in CS and Economics. (marginalrevolution.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: not simple and straightforward. (abnormalreturns.com)
- Ten depressing thoughts on data breaches. (abnormalreturns.com)
- Our monthly book link round-up from September 2017. (abnormalreturns.com)
