Friday links: improbable events

Markets

• There are a lot of reasons to invest globally, avoiding crashes isn't one of them. (awealthofcommonsense.com)
• Some surprising statistics about frontier markets. (etf.com)

Strategy

• Most of us really don't understand statistics. (investwithanedge.com)
• Five lessons learned from Brian Portnoy's "The Geometry of Wealth" including then need for 'adaptive simplicity.' (bpsandpieces.com)

Support

• Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
• Love Abnormal Returns? Then like (and follow) us on Facebook. (facebook.com)

Crypto

• The Swiss stock exchange is going to start trading cryptocurrencies. (fortune.com)

Companies

• Five trends that led to the death of the 'GE Model.' (hbr.org)

Finance

• Why bankers get paid a lot on deals: they do other stuff for free. (bloomberg.com)
• Fan favorite, Sonos, is coming public. (theverge.com)

Money managers

• You can really on write four different stories about money managers. (awealthofcommonsense.com)
• The growth of indexing has put bad money managers out of business. (economist.com)
• Why small asset managers are selling themselves to larger rivals at a rapid clip. (institutionalinvestor.com)

Economy

• The June NFP payroll report was strong. (calculatedriskblog.com)
• The unemployment rate rose for the right reason: more people re-entering the workforce. (nytimes.com)
• What full employment looks like in Des Moines, Iowa. (theatlantic.com)

Earlier on Abnormal Returns

• Podcast links: premium podcasting. (abnormalreturns.com)
• My Q&A with Michael Batnick author of "Big Mistakes: The Best Investors and Their Worst Investments." (abnormalreturns.com)
• What you missed in our Thursday linkfest. (abnormalreturns.com)
• Startup links: ship dates. (abnormalreturns.com)

Mixed media

• What burdens are other people carrying around? (nytimes.com)
• Our intuition about what other people are feeling, sucks. (qz.com)
• The upside of having chronic anxiety. (slate.com)