Markets

• Emerging market bonds have been straight up in 2017. (bloomberg.com)

Strategy

• Brian Portnoy, "Fantastic results with the appearance of little risk in achieving them is the perfect breeding ground for complacency." (forbes.com)
• What can we learn from Warren Buffett's winning bet? (bloomberg.com)
• There's never been a better time to start thinking about rebalancing. (validea.com)

Offers

• 37+ global investors share their top strategies for investing in China. I’m speaking at this free online-only event with the likes of Jim Rogers, Kevin Kelley and Jack Schwager. (adamc73334.clickfunnels.com)
• Tom Brakke is hosting an advanced due diligence and manager selection conference in November. Details here: (tjbresearch.com)

Companies

• The Apple ($AAPL) Watch is killing watchmaker Fossil. (hodinkee.com)
• Amazon ($AMZN) is "conventionalizing" Whole Foods. (wsj.com)
• Facebook's ($FB) Sheryl Sandberg took one for the team. (dealbreaker.com)
• Streaming music revenue continues to displace downloads. (wsj.com)

Fund management

• US investors are pouring money into emerging market hedge funds. (blogs.wsj.com)
• How McGeorge Bundy changed how foundations and endowment invest. (bloomberg.com)
• What companies are most owned by index funds. (wsj.com)

Books

• Analysts need to be able to pitch. Hence, Sonkin and Johnson's "Pitch the Perfect Investment: The Essential Guide to Winning on Wall Street." (amazon.com)
• Ron Chernow's "Grant" is going to be a huge Fall read. (amazon.com)
• 
  Why don’t you read more? No time, right? Try the Blinkist app! Read or listen to the key insights from the best nonfiction books in a matter of minutes! (blinkist.com)

Economy

• Weekly initial unemployment claims are getting buffeted by the effects of Irma and Harvey. (calculatedriskblog.com)
• How a slowing birthrate affects the US economy. (bloomberg.com)
• Startups are shrinking as a part of the US economy. (voxeu.org)
• Technological breakthroughs are becoming more expensive to find. (voxeu.org)

Earlier on Abnormal Returns

• Startup links: early warning signs. (abnormalreturns.com)
• Investing was never easy and will only get more difficult. (abnormalreturns.com)
• What you missed in our Wednesday linkfest. (abnormalreturns.com)
• Personal finance links: a lingering death. (abnormalreturns.com)
• Skill, luck and the 1987 stock market crash. (abnormalreturns.com)

Mixed media

• Robert Sutton, "You can make the argument that we are living in Peak Asshole." (nymag.com)
• The not-so-secret secrets behind the success of Gregg Popovich and the San Antonio Spurs. (thewaiterspad.com)
• Some one actually like Chipotle's ($CMG) new queso. (cnbc.com)

Companies

• Patreon just raised money at a $450 million valuation. (techcrunch.com)
• Slack just got a big investment from the Softbank Vision Fund. (ft.com)
• Breakout Labs wants to back companies that are "lab science aided by computing power." (fortune.com)
• Labdoor wants to sell supplements that have been thoroughly tested. (qz.com)
• Loftium will help you buy a place as long as you rent out space on Airbnb. (nytimes.com)

Burn rates

• Some rules of thumb on burn rates. (avc.com)
• Why CFOs get 'finance guilt' and how to combat it. (medium.com)

Venture capital

• Semil Shah, "It is easy to get a company or fund off the ground these days, but eventually, the belief in inputs shifts to a demand for outputs." (blog.semilshah.com)
• Chamath Palihapitiya of Social Capital wants to single-handedly fix the IPO process. (wired.com)
• The comprehensive case for investing more money in female-led startups. (hbr.org)
• What the founder of Pebble learned about building hardware. (techcrunch.com)
• Your new e-commerce brand will likely fail. (collaborativefund.com)
• A Q&A with Brad Feld of Foundry Group. (alleywatch.com)
• Mike Collett, "Life is just too short to work with jerks." (medium.com)

Markets

• Which sectors are overvalued today. (intrinsicinvesting.com)
• You can't like gold unless you think real yields are going lower. (marketanthropology.com)
• A falling dollar has pushed overseas equity markets higher in 2017. (macromon.wordpress.com)
• No one is recommending long positions in the US dollar. (themacrotourist.com)

Strategy

• The ongoing myth of 'the easy money' having already been made. (pensionpartners.com)
• Capital allocators don't want high daily volatility. (martinkronicle.com)
• Why cash has high 'option value' today. (macromon.wordpress.com)
• Ben Carlson, "Being right is easy. How you handle being wrong is the true test of any successful investor or decision-maker." (awealthofcommonsense.com)

Books

• Dan Ariely's "Payoff: The Hidden Logic That Shapes Our Motivations" is just $3.99 for the Kindle. (amazon.com)
• Ron Chernow's "Grant" is going to be a huge Fall read. (amazon.com)
• Why don’t you read more? No time, right? Try the Blinkist app! Read or listen to the key insights from the best nonfiction books in a matter of minutes! (blinkist.com)

Companies

• Another Bitcoin split is on the horizon. (bloomberg.com)

Finance

• Being able to perfectly predict earnings is less valuable than it has ever been. (ftalphaville.ft.com)
• Trade of the moment: long mall bonds, short mall stocks. (wsj.com)

Fund biz

• Hedge funds are investing heavily in 'alternative data.' (qz.com)

Invest in Asia Virtual Summit

• 37+ global investors share their top strategies for investing in China. I’m speaking at this free online-only event with the likes of Jim Rogers, Kevin Kelley and Jack Schwager. (adamc73334.clickfunnels.com)

Global

• Just as China's weight is growing in emerging market equity markets so it is in emerging market bond indices as well. (gmo.com)
• UK GDP growth is slowing dramatically. (qz.com)

Economy

• Nobody expects the Fed to raise rates at its September meeting. (bloomberg.com)
• The Chemical Activity Barometer is steady. (calculatedriskblog.com)
• There is little risk of a US recession at the moment. (capitalspectator.com)
• Robots and free trade are putting pressure on worker wages. (bloomberg.com)
• Cities are doing well by redeveloping their (river) waterfronts. (nytimes.com)

Earlier on Abnormal Returns

• Personal finance links: a lingering death. (abnormalreturns.com)
• Skill, luck and the 1987 stock market crash. (abnormalreturns.com)
• What you missed in our Tuesday linkfest. (abnormalreturns.com)
• Research links: dividend attitudes. (abnormalreturns.com)

Mixed media

• Most people don't need everything the Series 3 has to offer. (nytimes.com)
• You might want to wait until they work the kinks out of the Series 3 Apple Watch. (theverge.com)
• The Apple Watch 3 is NOT a substitute for the iPhone. (daringfireball.net)