Excerpt: From Scott Galloway’s The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google on the relentless rise of Amazon. (WSJ)
Quote of the Day
"Losing money is brutal...When the losses finally happen, you will truly find the people you want to do business with again."
(Howard Lindzon)
Markets
- The risk in the FANG stocks is real. (themacrotourist.com)
- Miss out on the biggest winners and your portfolio is in deep trouble. (bloomberg.com)
Strategy
- Another example of a trader giving up at the maximum pain point. (bloomberg.com)
- Why holding onto even a skillful active manager is so difficult. (validea.com)
- Value investing isn't dead. (pragcap.com)
Support Abnormal Returns
- Annual memberships help support the site. Details here: (abnormalreturns.com)
- You can always like (or follow) us on Facebook. (facebook.com)
- Sign-up to receive our (free) daily e-mail newsletter. (abnormalreturns.com)
Apple
- Why Apple ($AAPL) Face ID matters: time. (asymco.com)
- The new Apple ($AAPL) iPhones turn everyone into a professional photographer. (buzzfeed.com)
- You can once again purchase the Apple ($AAPL) TV on Amazon ($AMZN). (amazon.com)
Companies
- Facebook ($FB) has some decisions to make. (thereformedbroker.com)
- Why are there still human traders on the NYSE floor? (qz.com)
Crypto
- Hash Power: Episode 1 on the impact of the blockchain. (investorfieldguide.com)
- Ari Lewis, "Now . . . it seems like everyone and their mother are starting a [cryptocurrency hedge] fund." (ft.com)
- Mike Novogratz wants to launch a $500 million cryptocurrency hedge fund. (bloomberg.com)
- Open a Coinbase account, trade $100 in crypto and get $10 in Bitcoin free. (coinbase.com)
Fund management
- The chicken-or-egg problem for emerging managers. (rcmalternatives.com)
- What employees of hedge funds get paid. (wallstreetoasis.com)
Books
- "Thinking Machines: The Quest for Artificial Intelligence--and Where It's Taking Us Next" by Luke Dormehl is just $1.99 for the Kindle. (amazon.com)
- No time to read? Try the Blinkist app. Read or listen to the key insights from the best nonfiction books in a matter of minutes! Try now. (blinkist.com)
- "The Honest Truth About Dishonesty: How We Lie to Everyone--Especially Ourselves" by Dan Ariely is just $2.99 for the Kindle. (amazon.com)
Economy
- Case-Shiller shows a 5.9% increase in home prices year-over-year (July). (calculatedriskblog.com)
- The Fed is less data-dependent than they say. (economistsview.typepad.com)
- Why aren't more men re-entering the workforce? (blogs.wsj.com)
Earlier on Abnormal Returns
- Research links: outsized returns. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: the new rock stars. (abnormalreturns.com)
- One you publish your book everything else is gravy. (abnormalreturns.com)
- Learn enough about investing to be able to foul off a professional investment pitch. (abnormalreturns.com)
