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Quote of the Day
"(I)f you don’t realize that Wall Street is losing this meta-game [over buybacks], you aren’t paying attention."
(Rusty Guinn)
Markets
- What US demographics say about the next decade (or so) about the markets. (barrons.com)
- There is really one asset class that serves as a buffer to the stock market. (themarketcyclist.com)
Strategy
- Good luck picking the next hot IPO. (awealthofcommonsense.com)
- Investing is all about living with uncertainty. (safalniveshak.com)
- Why younger investors should welcome a decline in the stock market. (cnbc.com)
- Beta is cheap and easy to find. (capitalspectator.com)
Companies
- How Etsy ($ETSY) has turned things around. (fortune.com)
- Beware TV antenna listings on Amazon ($AMZN). (techhive.com)
- Why Apple ($AAPL) should make authentication its next killer app. (macworld.com)
- WhatsApp is huge in India. (techcrunch.com)
Venture capital
- Softbank is already raising money for a second edition of its Vision Fund. (wsj.com)
- Where the second Vision Fund might deploy its cash. (bnnbloomberg.ca)
- WeWork is the poster child for the new era of private investing. (fortune.com)
- We have yet to see Euro Unicorns make of a dent in public markets. (ftalphaville.ft.com)
Asset management
- Why you should expect continued consolidation amongst asset management firms. (institutionalinvestor.com)
- Some evidence that more due diligence pays off in better returns. (institutionalinvestor.com)
- Should investors re-think the premise behind catastrophe bonds? (ft.com)
- Say.com wants to provide shareholders with a platform to engage with management. (etf.com)
- It's official. Charles Schwab & Co. is buying USAA’s Investment Management Company for $1.8 billion. (riabiz.com)
Global
- German manufacturing is in freefall. (ft.com)
- The world can't get enough $100 bills. (marketwatch.com)
Minimum wages
- Emeryville, California has the highest minimum wage rate in the country. (wsj.com)
- States with higher minimum wages do not seem to have been negatively affected. (finance.yahoo.com)
Vehicles
- Don't blame 'peak car' for current auto weakness. (businessinsider.com)
- Higher prices, due to tariffs, is putting a big dent in RV sales. (reuters.com)
Economy
- US GDP grew at a 2.1% rate in Q2. (nytimes.com)
- Weekly initial unemployment claims are plodding along. (calculatedriskblog.com)
- The retail sector is in turmoil but overall is in pretty good shape. (axios.com)
- Rural America badly lags when it comes to broadband access. (fortune.com)
Earlier on Abnormal Returns
- Podcast links: broadcast therapy. (abnormalreturns.com)
- Startup links: repossessed scooters. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: your cognitive biases. (abnormalreturns.com)
- I recently appeared on 'Jargon' to talk about what it means to retire today and in the future. (digitaltrends.com)
- Nobody should think entrepreneurship will be easy. (abnormalreturns.com)
Mixed media
- Why big media companies pretty much missed out on the move to digital. (om.co)
- Over 2000 newspapers have closed in the US since 2004. (247wallst.com)
- Aspiring financial writers should listen to this conversation with Matthew Winkler. (ritholtz.com)
- Why big tech favors algorithmic curation. (seths.blog)
