List: The best books about failure including Being Wrong by Kathryn Schulz. (Tim Harford)
Quote of the Day
"Keep it simple. Don’t try to be a hero. Compounding takes a lot of time. Volatility is the cost of admission for high long-term returns. "
(Morgan Housel)
Energy
- Crude oil traded over $55 a barrel. (stockcharts.com)
- Gasoline prices are at a two-year high. (stockcharts.com)
- On the growing importance of short-cycle projects on energy prices. (sl-advisors.com)
Strategy
- Jason Zweig, "Predicting earthquakes is hard. Predicting human behavior, especially tens of millions of people at a time, is harder." (blogs.wsj.com)
- Urban Carmel, "Strict rules-based investing is simple in concept but often difficult in practice." (fat-pitch.blogspot.com)
- Rick Bookstaber, "What is the dynamic through which a volatility shock might propagate across the financial system?" (rick.bookstaber.com)
Sponsored link
Cryptocurrencies
- Coinbase is a big winner, user-wise, in the rise of Bitcoin. (pastemagazine.com)
- How to keep your Bitcoin safe and secure. (wired.com)
- Why ICO investors should be very wary. (dealbreaker.com)
- Open a Coinbase accounts, trade $100 in cryptocurrencies and get $10 Bitcoin free! (coinbase.com)
Companies
- Sexual harassment is an unrecognized business risk. (barrons.com)
- The debate about what constitutes sexual harassment is now full-on. (npr.org)
Kindle deals
- "The Rise of Superman: Decoding the Science of Ultimate Human Performance" by Steven Kotler is just $0.99 for the Kindle. (amazon.com)
- "Walden on Wheels: On the Open Road from Debt to Freedom" by Ken Ilgunas is just $0.99 for the Kindle. (amazon.com)
- "Anything You Want: 40 Lessons for a New Kind of Entrepreneur" by Derek Sivers is just $1.99 for the Kindle. (amazon.com)
Global
Economy
- The restaurant and retail sectors are shedding jobs. (bloomberg.com)
- The next Fed chair is not going to have it so easy. (economistsview.typepad.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Reurns
- The top ten clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: sidestepping a bubble. (abnormalreturns.com)
