You can keep up with all of our posts by signing up for our daily e-mail. Thousands of other readers already have. Don’t miss out! .

 

 

Quote of the day

Horace Deidu, “The most reliable method of breakthrough creation is not the moonshot but a learning process that involves steady iteration. Small but profitable wins.”  (Asymco)

Chart of the day

SPXSlope_1213

The strength of the trend is degrading.  (Andrew Thrasher)

Video of the day

Morgan Housel talks with Barry Ritholtz.  (Motley Fool)

Markets

Gold market timers are not all that bearish.  (Mark Hulbert)

Money is rushing out of commodity funds.  (FT)

The case for closed-end muni bond funds.  (Doug Kass)

Strategy

“The best performing stocks of 2014 will come from an industry very few people expect.”  (Ivanhoff Capital)

On the limits of math when it comes to risk management.  (Aleph Blog)

Don’t pay too much attention to any single day’s action.  (A Dash of Insight)

Beware when chart makers superimpose two data series on each other.  (Adam Grimes)

Buffett vs. Asness: on defining investment risk.  (Turnkey Analyst)

The Shiller CAPE takes a beating.  (Rekenthaler Report)

Food

The case to breakup Darden Restaurants ($DRI).  (Dealbook)

Pizza chains want to pull a Chipotle ($CMG).  (WSJ)

Companies

On the benefits of owning the GP in an MLP.  (SL Advisors)

The existential risk for Facebook ($FB) is that it turns into Yahoo ($YHOO).  (Business Insider)

Finance

Buyout investors are selling. Should you be buying?  (Unexpected Returns, Term Sheet)

Goldman Sachs ($GS) is shrinking.  (WSJ)

Bloomberg LP is trying to defend its trader chat product.  (FT)

Mortgages are going to get more expensive next year.  (WSJ)

Three things long-short hedge funds have a hard time doing.  (FT Alphaville)

Fintech

Robinhood plans to offer zero commission, mobile-only trading next year.  (TechCrunch, Pando Daily)

Can you use Twitter to gain investment knowledge?  (The Reformed Broker)

Funds

Alternative funds ware plagued with fees on fees.  (research puzzle pix)

Why a Bitcoin ETF ain’t happening any time soon.  (Focus on Funds)

Economy

Housing starts surge.  (Quartz)

The disappointments of the Bernanke era.  (WSJ)

Why Abenomics will disappoint.  (FT)

Earlier on Abnormal Returns

There is no such thing as an average year for the stock market.  (Business Insider)

What you may have missed in our Tuesday linkfest.  (Abnormal Returns)

Education

The value in music education for children.  (Harvard Gazette)

Law school enrollment is collapsing.  (Quartz, WSJ)

Time to thin the PhD herd.  (Slate)

Thanks for checking in with Abnormal Returns. You can follow us on StockTwits and Twitter.

More Posts This Week

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.