Notes: Jason Calacanis is “peddling a kind of populist movement for investing” in Angel: How to Invest in Technology Startups–Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000. (NYTimes)
Quote of the Day
"While seemingly prudent, using historical returns to forecast future returns is a dangerous financial planning shortcut."
(John West and Amie Ko)
Markets
- Financial stocks are still the best performers over the past year. (capitalspectator.com)
- The economy is not the stock market. (evidenceinvestor.co.uk)
Strategy
- The case against day trading. (whitecoatinvestor.com)
- Would you give your money over to a black box? (thereformedbroker.com)
Opportunities
- The 2nd annual Evidence-Based Investing Conference in NYC on November 2nd is packed with great speakers. Get 25% off your registration now! (thereformedbroker.com)
- Stocktoberfest West this year is going to livestreamed on Facebook ($FB). (blog.stocktwits.com)
- Tom Brakke is hosting an advanced due diligence and manager selection conference in November. Details here: (tjbresearch.com)
280 vs. 140
- Twitter ($TWTR) is correct to test out this change. (avc.com)
- Twitter ($TWTR) users are skeptical. (wired.com)
- What problem does 280 solve? (theringer.com)
- 280 is too little, too late. (fastcompany.com)
- Constraints induce creativity. (twitter.com)
Fund management
- Good luck trying to manage a full-on endowment style portfolio. (awealthofcommonsense.com)
- Portfolios cannot live on quant strategies alone. (aqr.com)
Books
- "The Honest Truth About Dishonesty: How We Lie to Everyone--Especially Ourselves" by Dan Ariely is just $2.99 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)
- "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)
Economy
Demographics
- On the relationship between average age and forecast economic growth. (macromon.wordpress.com)
- Aging populations mean lower interest rates for longer. (frbsf.org)
Earlier on Abnormal Returns
- Personal finance links: improving your life. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: outsized returns. (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)
Mixed media
- James Clear, "Top performers, whether they’re athletes or artists or entrepreneurs, continue to stretch themselves and not fall into complacency, even after working for a very long time." (heleo.com)
- Adam Feil, "The only way to fail at writing is to quit writing." (blog.makestickers.com)
- There is a difference between time and attention. (medium.com)
