Endorsement: On Ross Baird’s The Innovation Blind Spot: Why We Back the Wrong Ideas and What to Do About It, “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)
