Quote of the day
Jason Zweig, “If you have a small stake in a company, you own the stock. But if that stake suddenly grows enormous, the stock owns you.” (WSJ)
Chart of the day
Gold miners have started to outperform gold for the first time in a long time. (All Star Charts also Minyanville)
Markets
Hedge funds came into 2014 overwhelmingly short Treasuries. (Business Insider)
What should we make of the spike in the $VIX? (VIX and More, Focus on Funds)
Checking in on this week’s spike down. (Dynamic Hedge, Humble Student, Investing Caffeine)
The Australian mint is pumping out gold coins 24/7. (Bloomberg)
Strategy
2014: the year of valuation headwinds. (Meb Faber Research)
What to do when your hedges aren’t working. (Bronte Capital)
The pros and cons of hard stop loss orders. (SMB Training)
Companies
Ed Crooks, “US chief executives are running out of excuses for not raising capital spending more quickly. ” (FT)
Companies that go consistently to Davos have underperformed. (Economist)
Nasdaq is trying to get closer to pre-IPO companies. (WSJ)
Not all stock buybacks are created equal. (Barron’s)
Economy
Three economic myths debunked. (Motley Fool)
Did QE overinflate emerging markets? (Dr. Ed’s Blog)
A FOMC meeting preview. (Calculated Risk)
A look back at the economic week that was. (Bonaddad Blog, Big Picture)
The economic schedule for the coming week. (Calculated Risk, Turnkey Analyst)
Earlier on Abnormal Returns
Top clicks this week on the site. (Abnormal Returns)
What you missed in our Saturday linkfest. (Abnormal Returns)
Mixed media
Subscription models can add up to a real business. (Pando Daily)
How the .co domain became a hit with startups. (Quartz)
Why the Mac changed everything. (Stephen Fry via Daring Fireball)
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