Review & Outlook

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

What We’re Reading: August 8

Quote of the Day: 

 “Successful investing basically boils down to buying high-quality companies at cheap prices.” 

–Eddy Elfenbein on Crossing Wall Street 

 

Friday links: 

Billions of Dollars Flow into Frontier Markets Inflating Prices (WSJ)

Reacting to Earnings Reports (Musings on Markets)

Avoid the Mutual Fund Manager of the Year (ETF.com)

Junk Bond Exodus Accelerates (WSJ)

Fired Managers Outperformed Hired Managers (Reformed Broker)

Long Rallies Make us Forget the Realities of Corrections (The Big Picture)

Investment Advice Doesn’t Have to be Complicated to Be Good (A Wealth of Common Sense)

Priceline (PCLN) Hits Warp Speed In Online Travel Services (Investors Business Daily)

Bank Of The Ozarks: What Happens When An Arkansas Bank Opens In New York City (Seeking Alpha)

Why You Should Take More Vacation (Washington Post)

 

Chart of the Day:

Source: Think B.I.G blog