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Quote of the Day
"You are 2.0 software running in 200,000 year old hardware...There is nothing you can do to change that — at least until we start genetically biohacking ourselves."
(Scott Bell)
Chart of the Day

We all know the QQQs have been doing well, but what about the Nasdaq ($NDAQ) itself?
Strategy
- On the paradox of expertise, finance edition. (theirrelevantinvestor.com)
- If you have to buy individual stocks, do like Kanye does. (humbledollar.com)
Technology
- Amazon's ($AMZN) Alexa is now built into 20,000 some devices. (cnet.com)
- When do Chromebooks begin to bite Microsoft ($MSFT)? (arstechnica.com)
- Goodbye Facebook ($FB), forever. (om.co)
Finance
- The Permian Basis runs on cheap debt and private equity capital. (nytimes.com)
- If IPOs were easier to conduct, private investing wouldn't be so attractive. (pragcap.com)
Funds
- Alphabet ($GOOGL) and Facebook ($FB) are going to dominate the newly defined 'communications' sector. (barrons.com)
- Things that don't make sense: mutual fund share splits. (wsj.com)
Behavior
- The biases that tell our brain things are worse than they are. (wsj.com)
- You can't go around questioning everything in your life. That's where heuristics kick in. (nytimes.com)
Economy
- A hint that current economic growth will get revised lower. (econbrowser.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming holiday-shortened week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: skimming vs. reading. (abnormalreturns.com)
Mixed media
- Why you should try to increase your sample size when making a decision. (fs.blog)
- Science advances one anomaly at a time. (blogs.scientificamerican.com)
- Steven Johnson, "Only 15 percent of the decisions he studied involved a stage where the decision makers actively sought out a new option beyond the initial choices on the table." (nytimes.com)