Review: Harriman’s New Book of Investing Rules: The Do’s & Don’ts of the World’s Best Investors, edited by Christopher Parker, is a “smorgasbord of ideas from which the reader can pick and choose.” (Reading the Markets)
Quote of the Day
"If you’re going to act on a problem that is monstrously complex and uncertain, the stripped-down, rules-of-thumb response is not only good enough. It can be superior to tripping over yourself in pursuit of something that appears marginally more accurate."
(Morgan Housel)
Markets
- Worth noting: consumer staple stocks are picking up. (allstarcharts.com)
- Be wary of the 'if you bought 100 shares of Apple ($AAPL) at IPO, you would have $$' today. (bloomberg.com)
Strategy
- Harry Markowitz didn't invent diversification, he helped codify it. (evidenceinvestor.co.uk)
- Financial lessons from Ulysses S. Grant including the need for diversifiation. (theirrelevantinvestor.com)
- A little humility goes a long way. (ritholtz.com)
Crypto
- Matt O'Brien, "Bitcoin might be the most perfect bubble possible." (washingtonpost.com)
- Five things Kevin Roose got wrong about Bitcoin. (nytimes.com)
- What if Amazon ($AMZN) launched its own cryptocurrency? (hackernoon.com)
- Commodity traders look at Bitcoin volatility with envy. (wsj.com)
- Crypto hedge funds get their own sector at HFR. (wsj.com)
Apple
- Tax-law changes could free up additional cash for share buybacks at Apple ($AAPL). (aboveavalon.com)
- The Apple ($AAPL) Watch is THE watch for fitness enthusiasts. (slate.com)
- The Apple ($AAPL) iMac Pro looks cool. (businessinsider.com)
Finance
- Robinhood is going to launch commission-free options trading. (bloomberg.com)
- Increasing competition is pushing down fees on private debt funds (institutionalinvestor.com)
- We're down to one bank clearing Treasury trades. (conversableeconomist.blogspot.com)
Funds
Global
- Emerging market investing requires a diversified approach. (fortunefinancialadvisors.com)
- Economic sentiment is really strong. (topdowncharts.com)
Economy
Earlier on Abnormal Returns
- Personal finance links: payroll deductions. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: magic of diversification. (abnormalreturns.com)
