Q&A: Derek Thompson talks air conditioning an barbed wire with Tim Harford author of Fifty Inventions That Shaped the Modern Economy. (The Atlantic)
Quote of the Day
"Instead of the future with digital currencies and the breakthrough of the Blockchain technology we were promised, we’ve just been stuck with a huge bubble and growing complications."
(Yaël Ossowski)
Chart of the Day
Norway’s sovereign wealth fund now has more than $1 trillion in assets.
Markets
Strategy
- Brian Portnoy, "Fantastic results with the appearance of little risk in achieving them is the perfect breeding ground for complacency." (forbes.com)
- What can we learn from Warren Buffett's winning bet? (bloomberg.com)
- There's never been a better time to start thinking about rebalancing. (validea.com)
Offers
- 37+ global investors share their top strategies for investing in China. I’m speaking at this free online-only event with the likes of Jim Rogers, Kevin Kelley and Jack Schwager. (adamc73334.clickfunnels.com)
- Tom Brakke is hosting an advanced due diligence and manager selection conference in November. Details here: (tjbresearch.com)
Companies
- The Apple ($AAPL) Watch is killing watchmaker Fossil. (hodinkee.com)
- Amazon ($AMZN) is "conventionalizing" Whole Foods. (wsj.com)
- Facebook's ($FB) Sheryl Sandberg took one for the team. (dealbreaker.com)
- Streaming music revenue continues to displace downloads. (wsj.com)
Fund management
- US investors are pouring money into emerging market hedge funds. (blogs.wsj.com)
- How McGeorge Bundy changed how foundations and endowment invest. (bloomberg.com)
- What companies are most owned by index funds. (wsj.com)
Books
- Analysts need to be able to pitch. Hence, Sonkin and Johnson's "Pitch the Perfect Investment: The Essential Guide to Winning on Wall Street." (amazon.com)
- Ron Chernow's "Grant" is going to be a huge Fall read. (amazon.com)
- Why don’t you read more? No time, right? Try the Blinkist app! Read or listen to the key insights from the best nonfiction books in a matter of minutes! (blinkist.com)
Economy
- Weekly initial unemployment claims are getting buffeted by the effects of Irma and Harvey. (calculatedriskblog.com)
- How a slowing birthrate affects the US economy. (bloomberg.com)
- Startups are shrinking as a part of the US economy. (voxeu.org)
- Technological breakthroughs are becoming more expensive to find. (voxeu.org)
Earlier on Abnormal Returns
- Startup links: early warning signs. (abnormalreturns.com)
- Investing was never easy and will only get more difficult. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: a lingering death. (abnormalreturns.com)
- Skill, luck and the 1987 stock market crash. (abnormalreturns.com)