Book list: The best sports-related books of 2015 including Ed Caesar’s Two Hours: The Quest to Run the Impossible Marathon. (NYTimes)
Quote of the Day
"The game of investing is one of making better predictions about the future than other people. How are you going to do that? One way is to limit your tries to areas of competence. If you try to predict the future of everything, you attempt too much."
(Charlie Munger)
Markets
- Foreign junk bonds had a good week. (capitalspectator.com)
- Junk bonds are offering a warning to the stock market. (wsj.com)
- Why investors focus on streaks. (awealthofcommonsense.com)
Offers
- MODERN TRADER Magazine—the essential journal for professional traders and active investors. Special Subscription Offer! (moderntrader.com)
- It's hard to imagine going through the holiday season without Amazon Prime. Get a 30-day free trial here. (amazon.com)
- Sign up for Audible.com you can get two free books including "Two Hours: The Quest to Run the Impossible Marathon." (amazon.com)
Companies
- Priceline ($PCLN) is an example of a turnaround that worked. (qz.com)
- Chipotle ($CMG) shares are at a year-and-half low. (blogs.wsj.com)
- Gilead ($GILD) has some cash to put to work. (ft.com)
- How much of CEO success can be attributed to luck? (pieria.co.uk)
Finance
- The secrets of successful financial newsletters. (tsi-blog.com)
- What would it mean for finance to be more "organic." (institutionalinvestor.com)
Hedge funds
- The takeover of Green Mountain ($GMCR) at a big premium is putting the hurt on shorts. (bloomberg.com)
- A lot of hedge funds lost money on their short Euro positions. (wsj.com)
- We thought volatility was supposed to be GOOD for hedge funds? (thereformedbroker.com)
- Hedge fund M&A is picking up again. (blogs.wsj.com)
ETFs
Global
Economy
- Why you shouldn't be on "recession watch" yet. (calculatedriskblog.com)
- How much room does the Fed have to raise rates? (pragcap.com)
Earlier on Abnormal Returns
- Research links: liquidity risk. (abnormalreturns.com)
- What you may have missed in our Sunday linkfest. (abnormalreturns.com)