Book notes: Insights from Warren Buffett in Gillian Zoe Segal’s Getting There: A Book of Mentors. (Huffington Post)
Quote of the Day
"The reality is that the market is a messy and noisy place, and is often very random. Things happen for unknown and unknowable reasons and the future is almost (but not quite) completely unpredictable."
(Adam Grimes)
Chart of the Day
Things had been pretty quiet in the domestic equity market…until today.
Markets
Strategy
- How to avoid being a forced seller in a market panic. (alephblog.com)
- Why individual investors do so poorly in the stock market. (charlessizemore.tumblr.com)
- Passive investing is (still) a myth. (pragcap.com)
Companies
- The Apple Watch is a "most personal device" with 25 distinctive styles. (aboveavalon.com)
- A look at the Loews ($LTR) 2014 annual report. (brooklyninvestor.blogspot.com)
- Seabord Corp. ($SEB) has likely gone too far, too fast. (brooklyninvestor.blogspot.com)
Finance
- Is Etsy ($ETSY) the first of many B-corps? (nytimes.com)
- Fund managers have some angst in owning Virtu ($VIRT). (bloomberg.com)
Hedge funds
- Why do hedge funds continue to thrive? (etf.com)
- Smaller hedge funds did a notable job attracting assets last year. (wsj.com)
Global
Economy
- Our bout of deflation is likely over. (crossingwallstreet.com)
- There is a big difference between explaining and forecasting. (stumblingandmumbling.typepad.com)
- Should you be reading Ben Bernanke's blog? (bloomberg.com)
Earlier on Abnormal Returns
- Podcast links: on the origins of consumer sentiment surveys. (abnormalreturns.com)
- What you may have missed in our Thursday links. (abnormalreturns.com)
- Book link round-up: the second edition. (abnormalreturns.com)
