Book notes: Some favorite non-investing books about investing from Ben Carlson including Mindless Eating: Why We Eat More Than We Think by Brian Wansink. (A Wealth of Common Sense)
Quote of the Day
"Be honest with yourself about your knowledge and level of sophistication when it comes to choosing investments. If you don’t understand something and don’t want to take the time to fully research an asset, you’ll be better off in the long run excluding it from your portfolio."
(Kristen Fanarakis)
Markets
- Portfolio managers have no time for emerging markets. (shortsideoflong.com)
- A look back at the past year for the $VIX. (vixandmore.blogspot.com)
- How finance and technology have driven the profit margin "explosion." (philosophicaleconomics.com)
Companies
- Early signs show that Apple ($AAPL) Pay is different: people actually use it. (wsj.com)
- A closer look at hybrid that is Cowen Group ($COWN). (brooklyninvestor.blogspot.com)
- Yahoo ($YHOO) was the GE ($GE) of the Internet. (recode.net)
Finance
- Activist investors are wary of their online habits being disclosed to Wall Street firms. (uk.businessinsider.com)
- Private equity firms, like Blackstone ($BX), are raising funds to invest in the downtrodden energy sector. (dealbook.nytimes.com)
- Another sign that HFT is no longer as profitable as it once was. (bloomberg.com)
Fintech
- Transferwise captures a big investment from Andreessen Horowitz. (techcrunch.com)
- Coinbase is now a regulated Bitcoin exchange. (wsj.com)
- The robo-advisor space is already shifting toward differentiated strategies. (finance.yahoo.com)
Funds
- How Vanguard differs from Blackrock ($BLK) and State Street ($STT). (investmentnews.com)
- Are human fund managers at-risk to be displaced by algorithmic strategies? (ft.com)
Global
Earlier on Abnormal Returns
- Research links: reducing loss aversion. (abnormalreturns.com)
- What you may have missed in our Sunday linkfest. (abnormalreturns.com)
