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Quote of the day
“Study after study reveals that groups tasked with solving complex decisions, such as corporate boards, benefit from cognitive diversity – the differences in the way its members think.” – Blair duQuesnay
Chart of the day
Some big numbers to try and wrap your head around. (SIFMA via Big Picture)
Markets
- How major asset classes performed in September 2019. (capitalspectator.com)
- Low vol is leading the Factor Olympics for 2019 YTD. (factorresearch.com)
- Self-storage REITs have had a huge year, so far. (wsj.com)
Bonds
- A record amount of corporate debt was sold in September. (ft.com)
- Toorak Capital Partners, a real estate debt investor backed by KKR & Co., has completed a $350 million sale of bonds backed by residential bridge loans. (institutionalinvestor.com)
- Wisconsin's Public Finance Authority is "producing some of the riskiest debt in the municipal market..." (wsj.com)
Management
- There are three types of management. (safalniveshak.com)
- How toxic culture and a lack of leadership killed this once beloved company. (medium.com)
Companies
- Airbnb plans to go public via a direct listing. (bloomberg.com)
- How the deal for Chewy.com ($CHWY) saved the PetSmart buyout. (wsj.com)
- How seasonal, pop-up stores became a permanent part of the retail scene. (msn.com)
Zero commissions
- Charles Schwab ($SCHW) joins the commission-free trade game. (finance.yahoo.com)
- What does the introduction of IBKR Lite mean for brokerage commissions? (barrons.com)
- What hath Robinhood wrought? (news.crunchbase.com)
Finance
Funds
- Passive investing has made much bigger inroads in the US than the rest of the world. (finance.yahoo.com)
- Should you hold more than one target-date fund? (morningstar.com)
Global
- Chinese state-owned enterprises are snapping up stakes in private companies at a record rate. (wsj.com)
- It's hard to get excited about emerging markets if property rights are still so iffy. (epsilontheory.com)
Economy
- The September ISM Manufacturing index decreased to 47.8%. (crossingwallstreet.com)
- We have tariffed our way into a manufacturing recession. (thereformedbroker.com)
- And the Midwest is feeling the brunt of it. (wsj.com)
- Talking about the 'economy as a whole' is a relatively new phenomenon. (awealthofcommonsense.com)
Earlier on Abnormal Returns
- Research links: investor preferences. (abnormalreturns.com)
- Lessons learned in today's Market Moment from Warren Buffett's purchase of GE ($GE) preferred during the GFC. (shows.pippa.io)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: ad dollars. (abnormalreturns.com)
Mixed media
- Why you should stop feeling guilty about doing stuff you love. (fastcompany.com)
- Are you spending your time in alignment with your goals? (retirementfieldguide.com)
- What you need to know about taking a tech sabbatical each week. (wired.com)
- How doing nothing reminds us that we are alive. (theguardian.com)
