Book excerpt: Barry Schwartz explores the deeper meaning of work in Why We Work. (Quartz)
Quote of the Day
"It appears that if you kick a fund-manager mule, he responds by becoming a slightly faster mule. That's not as good as becoming a racehorse ... but it's something. "
(John Rekenthaler)
Markets
- Gold and the Yen continue to trade in synch. (marketanthropology.com)
- Why the past decade was so miserable for commodity index investors. (ft.com)
Strategy
- Index funds are not all that. (awealthofcommonsense.com)
- Balanced portfolios allow for a more balanced life. (rickferri.com)
Offers
- ETFreplay.com is offering a special subscription deal for Abnormal Return readers. (goo.gl)
- MODERN TRADER Magazine—the essential journal for professional traders and active investors. Special Subscription Offer - get a free investment classic! (moderntrader.com)
- It seems crazy but Amazon ($AMZN) is selling Fire HD tablets for $49.99. Even crazier if you buy 5 you can get the sixth for free. (amzn.to)
Companies
- Why HP ($HPQ) is irrelevant. (om.co)
- Why the Amazon ($AMZN) vs. Wal-Mart ($WMT) comparison is no longer all that relevant. (time.com)
- The lifespan of a S&P 500 company is shrinking. (ftalphaville.ft.com)
Finance
- Should institutional investors have a mandate to invest with female-run hedge funds? (ft.com)
- According to the CFTC Bitcoin is officially a commodity. (bloomberg.com)
- KKR ($KKR) is angry at its market maker. (wsj.com)
- Just because the banks manipulated Libor and forex doesn't necessarily mean they mess with the Treasury market. (bloombergview.com)
Global
Economy
- The Fed can point to continuing low inflation to pause. (nytimes.com)
- Hello December! (bloomberg.com)
- A redacted version of the September 2015 FOMC statement. (alephblog.com)
Earlier on Abnormal Returns
- Podcast links: salmon sushi. (abnormalreturns.com)
- What you may have missed in our Thursday linkfest. (abnormalreturns.com)
- A special offer for Abnormal Returns readers from ETFreplay.com. (abnormalreturns.com)
