Quote of the day

Farhad Manjoo, “Cutting the cord, in Comcast’s universe, just doesn’t save you very much money. ”  (NYTimes)

Chart of the day


Traders now can’t get enough coffee.  (FT)


Are gold miners cheap or gold expensive?  (SSRN)

The $VIX surge in context.  (Crossing Wall Street)

Volatility is going to increase in 2014.  (Pension Partners)

Checking in on market breadth.  (The Short Side of Long)


Are investors using ETFs all wrong?  (Chuck Jaffe)

Self-improvement is the proper goal for investors.  (The Reformed Broker)

Why traders need to build in quality downtime to maintain peak performance.  (TraderFeed, SMB Training)

The short interest premium and asset pricing anomalies.  (SSRN via CXOAG)


Why Apple ($AAPL) should buy Tesla ($TSLA).  (TNW also Pando Daily, Global Macro Monitor)

How Twitter ($TWTR) could win in online commerce. (ReadWrite)

Want to buy a piece of the maker of Candy Crush?  (Recode, Business Insider)


Market volatility increases cortisol levels in traders.  (FT, Telegraph)

Corporate pension funds are on sounder footing of late.  (FT Alphaville)

Charles Schwab’s ($SCHW) all-ETF 401(k) plan is a big deal.  (ETF)

Smart beta

New quant strategies are a dime a dozen: why you should be skeptical in evaluating them.  (Pensions & Investments)

The hype around ‘smart beta‘ is getting annoying.  (Rick Ferri)

On the scalability of smart beta strategies.  (Morningstar)


Why the US is falling behind in the connectivity race.  (Felix Salmon)

On the emerging market credit crunch.  (Gavyn Davies)


New homebuilder confidence fell in January.  (Calculated Risk)

Evidence that bad weather really did affect the economy.  (Business Insider)

Are corporate profit margins finally set for a fall in 2014?  (John Authers)

The Leading Indicators: A Short History of the Numbers That Rule Our World by Zachary Karabell is a “thought-provoking read.”  (Reading the Markets)

Earlier on Abnormal Returns

If investing were free how would it change what you do?  (Abnormal Returns)

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

Mixed media

Remembering ‘Adam Smith.’  (Jason Zweig)

Bryan Caplan, “Don’t marry for money; go where the rich people are and marry for love.”  (EconLog)

A Q&A with Kevin Roose author of Young Money: Inside the Hidden World of Wall Street’s Post-Crash Recruits.  (Dealbook)

You can support Abnormal Returns by visiting Amazon. You can also follow us on StockTwits and Twitter.

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.