What I'm reading this morning:
- Alibaba Smashes Singles’ Day Sales Record; on Track to Hit $13 Billion (Wall Street Journal)
- Alibaba’s Singles Day Blowout Racks Up $5B in Sales in First 90 Minutes (Wired)
- 5 takeaways from the GOP debate (Politico)
- New York State AG: Fanduel and Draft Kings are illegal (New York Times)
- The real reason the Fed is eager to raise interest rates now (Quartz)
- "average index returns depend heavily on the relatively small set of winners." (Bloomberg View)
- AUM Growth Is Hedge Funds' #1 Goal (CIO)
- Bow down to the raw, unmitigated power of long-term compounded returns (A Wealth Of Common Sense)
- Does the historical evidence support market-timing strategies based on valuations? (ETF.com)
