Q&A: With Scott Galloway author of The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google. (Barron’s)
Quote of the Day
"Distributed ledgers are useful technology, just like banks. As they become a larger part of finance, the temptation to abuse them will be just as great. History instructs that no governance is perfect, and humans are reliably awful."
(Free exchange)
Markets
- All manner of asset classes are at new highs. (bloomberg.com)
- When looked at this way the rise in shorter term Treasury yields is quite dramatic. (crossingwallstreet.com)
Strategy
- There is a big difference between good advice and effective advice. (awealthofcommonsense.com)
- It takes a long time horizon to get attractive risk/return ratios. (dpegan.com)
Conference notes
- Notes from the 11th annual Great Investors Best Ideas (GIBI) Dallas Investment Symposium. (marketfolly.com)
- Notes from the Next Wave Sohn San Francisco Conference 2017. (marketfolly.com)
- Notes from the Sohn San Francisco Investment Conference 2017. (marketfolly.com)
Offers
- "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)
- 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)
- "The Ostrich Paradox: Why We Underprepare for Disasters" by Robert Meyer and Howard Kunreuther is just $1.99 for the Kindle. (amazon.com)
Companies
- Costco ($COST) is upping its home delivery game. (wsj.com)
- The case for Applied Materials ($AMAT) stock. (barrons.com)
- Crummy queso. Not so hot stock. (cnbc.com)
Finance
- Finra's own portfolio has been a laggard. (wsj.com)
- Hudson Yards is the new Midtown for financial firms. (institutionalinvestor.com)
- The Caisse de dépôt et placement du Québec is not afraid to go direct. (wsj.com)
Cryptocurrencies
- What would a blockchain-native business look like (cnbc.com)
- "The ICO craze certainly appears to entail a departure from reasonable values." (economist.com)
- A look at a Bitcoin valuation indicator. (bloomberg.com)
- The market for ICOs is filled with conflicts-of-interest. (dealbreaker.com)
- Open a Coinbase account, trade $100 in crypto and get $10 in Bitcoin free. (coinbase.com)
Activists
- Institutional investors are increasingly likely to back 'reputable' activists. (institutionalinvestor.com)
- We have passed peak activist investor. (bloomberg.com)
Membership
- It's Day Six 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)
Global
- Would giving SDRs a digital life increase their use? (wsj.com)
- Hong Kong's stock market trades at 13x earnings. (wsj.com)
- Why do US stocks consistently outvalue European stocks? (thereformedbroker.com)
- The SNB is stuck between a rock and a hard place. (wsj.com)
Economy
Earlier on Abnormal Returns
- Podcast links: a troll-free medium. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: adept competitors. (abnormalreturns.com)
- Critical thinking: how to avoid negative investment events. (abnormalreturns.com)
