Book alert: If the Internet isn’t the answer, what is? A review of Andrew Keen’s The Internet Is Not the Answer. (FT)
Quote of the Day
"Who needs the services of a massive bank? Governments, and multinational corporations. Other than that, banking can certainly be unbundled and taken care of by startups."
(Jeff Carter)
Chart of the Day
The stock market is waking up to the message of the higher risk credit sectors.
Markets
- 29 charts worth your time. (blogs.cfainstitute.org)
- The intermediate-term case for TIPS. (marketanthropology.com)
- What did we learn about bonds in 2014? (blog.alliancebernstein.com)
Finance
- Nasdaq ($NDAQ) is getting into the energy futures game. (ft.com)
- Ten hedge fund trends for 2015. (allaboutalpha.com)
- Institutional investors need to do some more R&D. (institutionalinvestor.com)
Companies
- Don't cry for CEOs losing their gigs in the current M&A wave: golden parachutes are alive and well. (ft.com)
- The Apple ($AAPL) Watch is not a luxury watch. (aboveavalon.com)
Funds
- If you need to invest in a hedged or long/short mutual fund this may be your best bet. (brooklyninvestor.blogspot.com)
- DFA Funds has succeeded in the shadow of Vanguard. (bloomberg.com)
- The religion that is DFA Funds. (awealthofcommonsense.com)
Switzerland
- Switzerland scraps its currency cap. Chaos ensues. (wsj.com)
- Why the SNB gave up on its costly peg to the Euro. (nytimes.com)
- What effect a higher franc will have on the Swiss economy. (ft.com)
Economy
Earlier on Abnormal Returns
- Longform links: raising smart kids. (abnormalreturns.com)
- What you may have missed in our Wednesday links. (abnormalreturns.com)
