Endorsement: On Ross Baird’s The Innovation Blind Spot: Why We Back the Wrong Ideas and What to Do About It
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, “I encourage everyone in the innovation economy to read it.” (Brad Feld)
Quote of the Day
"Giving up some liquidity not only offers additional returns; it guards against investors’ temptation to misbehave, which is the single biggest problem in public markets."
(Morgan Housel)
Strategy
- The myth of the overbought market. (priceactionlab.com)
- What market move would most embarrass investors? (themacrotourist.com)
- Invest like Warren Buffett, just don't eat like him. (businessinsider.com)
Companies
- Google ($GOOGL) is an AI company. (stratechery.com)
- Amazon ($AMZN) wants to cut the cost of that last mile to the door. (bloomberg.com)
- Can Wal-Mart ($WMT) transition into a online grocer without harming its stores? (nytimes.com)
- Is everyone going to be pissed at Google ($GOOGL) for excising the traditional headphone jack from the new Pixel? (theverge.com)
Membership
- It's Day Five of our big membership push. Learn more about how it works: (abnormalreturns.com)
- Back by popular demand is the Benefactor level ($75) for the ultimate Abnormal Returns fan. (abnormalreturns.memberful.com)
- Know someone who would benefit from an Abnormal Returns membership? Here you go: (abnormalreturns.memberful.com)
Skepticism
- Tesla ($TSLA) stock has killed many a short-seller's career. (institutionalinvestor.com)
- Be wary of the jump in Endocyte ($ECYT) stock. (statnews.com)
- Beware the company that changes its name to a hot trend. (blogs.wsj.com)
Cryptocurrency
- Banks simply can't ignore cryptocurrencies at this point. (bloomberg.com)
- A cryptography breakthrough could make Ethereum ubiquitous on Wall Street. (bloomberg.com)
- How the blockchain could help us reclaim/control our personal data. (hbr.org)
- Open a Coinbase account, trade $100 in crypto and get $10 in Bitcoin free. (coinbase.com)
Finance
- Bloomberg is unbundling its chat service to compete with cheaper alternatives. (ft.com)
- Fractional shares provide access to smaller investors. (tearsheet.co)
Fund management
- The big index shops have no choice these days but to be more active with company management. (institutionalinvestor.com)
- One-third of Rockefeller Financial Services assets are Rockefeller family-related. (citywireusa.com)
Books
- Prime members can now get $30 off a new Kindle like the popular Paperwhite. (Trade-in your old one and get even more off!) (amazon.com)
- "Stick with It: A Scientifically Proven Process for Changing Your Life-for Good" by Sean Young is just $0.99 for the Kindle. (amazon.com)
- "The Grid: The Fraying Wires Between Americans and Our Energy Future" by Gretchen Bakke is just $1.99 for the Kindle. (amazon.com)
- "The Ostrich Paradox: Why We Underprepare for Disasters" by Robert Meyer and Howard Kunreuther is just $1.99 for the Kindle. (amazon.com)
Economy
- Weekly initial unemployment claims are once again falling. (calculatedriskblog.com)
- Hurricane cleanup is slow due to labor shortages. (washingtonpost.com)
- A small number of 'superstar firms' are pulling away from the pack. (libertystreeteconomics.newyorkfed.org)
- How is online shopping affecting retail employment? (libertystreeteconomics.newyorkfed.org)
Earlier on Abnormal Returns
- Startup links: adept competitors. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: stop thinking about money. (abnormalreturns.com)
- Critical thinking: how to avoid negative investment events. (abnormalreturns.com)







