Hot Links: Raw Power Posted November 11, 2015 by Joshua M Brown 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) Now go talk about it. facebook twitter linkedin Read this next.March 4, 2016 Presented without commentNovember 21, 2013 Goldman: Four Ways to Find Value in a Fairly Valued MarketSeptember 19, 2010 What is a Stockbroker? America Has No Clue.