Sunday links: mistaking pricing for valuation

Markets

• To say that this week was action-packed is an understatement. (dashofinsight.com)
• A list of things that could keep you up at night including financial conditions in Asia. (mrzepczynski.blogspot.com)

Strategy

• Earnings surprises have become so pervasive that they have lost their meaning. (blogs.wsj.com)
• Seven traits that great investors share. (athrasher.com)
• The ultimate list of the most useful accounts for Finance Twitter. (sentimentrader.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)

Oil

• Why the energy business has always been cyclical: "the slow supply-side response function." (sl-advisors.com)
• Given all the challenges, I would not want the job of CEO of ExxonMobil ($XOM). (wsj.com)

Companies

• AT&T ($T) is going to screw up HBO. (l2inc.com)
• Apple ($AAPL) still has a chance to become the dominant mobile payment provider. (slate.com)

Private companies

• Some of the most interesting technology stories are happening outside of the purview of public markets. (howardlindzon.com)
• Why we need a new class of stock. Call it semi-private or semi-public. You pick. (k9ventures.com)

Asset allocation

• Tim Gray, "The balanced fund is the vintage bicycle of investing." (nytimes.com)
• Is risk-parity a better asset allocation mousetrap? (bloomberg.com)

Global

• Norway is an economic standout in Europe, especially their Millennials. (bbc.com)
• A short history of US trade wars. (visualcapitalist.com)

Economy

• Why this economic expansion could easily turn into the longest in US history. (calculatedriskblog.com)
• A succinct summary of the week's economic events. (ritholtz.com)
• The economic schedule for the coming week. (calculatedriskblog.com)

Earlier on Abnormal Returns

• Top clicks this week on the site. (abnormalreturns.com)
• What you missed in our Saturday linkfest. (abnormalreturns.com)
• Longform links: a computational task. (abnormalreturns.com)

Mixed media

• Messed up on Venmo? Good luck getting your money back. (wsj.com)
• Be mindful of who you follow on social media. (anildash.com)
• Why publishing platforms haven't solved the 'discovery problem.' (hunterwalk.com)