Review & Outlook

Our take on the investing, financial, & economic themes of the day

What We’re Reading: August 14

Quote of the Day: 

“‘Imagine you pick 1 million random people from around the world every day,’ said Toby McDade, chief investment officer of Momentum Fee Capital Management. ‘Some days, 51% would be in a good mood, 49% in a bad mood. The next day maybe it’s the opposite. Other days, random chance could mean 8% of people are really pissed off for no real reason. This is basically what the market is on a day-to-day basis,’ he said.”

–Morgan Housel, “An Honest Market Update” parody at The Motley Fool

 

Thursday links: 

U.S. Stocks Edge Higher (WSJ)

In Stock Market, Anxiety Can Be Good Thing (WSJ)

Using Software to Keep Pro Athletes and Startup Millionaires From Going Broke (Businessweek)

Kinder’s Departure No Threat To MLP Funds (ETF.com)

Avoid Buying Individual Stocks in Distress (Aleph Blog)

An Honest Stock Market Update (Motley Fool)

Wal-Mart lowers outlook for the year (Business Insider)

Boeing breaks ground on wing factory for new 777X (Reuters)

Poland’s Economic Miracle (MarketWatch)

The Most Wanted Man in the World: Edward Snowden in his Own Words (Wired)

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Chart of the Day: 

Source: WSJ