Q&A: Derek Thompson talks air conditioning an barbed wire with Tim Harford
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author of Fifty Inventions That Shaped the Modern Economy
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. (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)







