Book recommendation: Even long-only investors should read Short Selling: Finding Uncommon Short Ideas by Amit Kumar. (Reading the Markets)
Quote of the Day
"It’s much more difficult than people realize to ignore the herd mentality because (a) sometimes the herd is right and (b) even when they’re wrong it’s much more comfortable to go with the safety in numbers syndrome."
(Ben Carlson)
Markets
- Stocks may have felt volatile this year but you would be mistaken. (theirrelevantinvestor.wordpress.com)
- Is it time to start talking reflationary strategies? (marketanthropology.com)
- Now is the time for seasonality to kick in. (thereformedbroker.com)
Strategy
- Why is value underperforming? (ai-cio.com)
- Low-vol strategies are overvalued and crowded. (blogs.barrons.com)
- Meb Faber's favorite posts from 2015. (mebfaber.com)
Offers
- Sign up for a trial of Audible.com and get two free e-books in the process including "Misbehaving: The Making of Behavioral Economics." (amazon.com)
- MODERN TRADER Magazine—the essential journal for professional traders and active investors. Get one of five investment classics with this special subscription offer! (moderntrader.com)
Companies
- The Dow ($DOW)-DuPont ($DD) is riskier than it looks. (nytimes.com)
- Costco ($COST) is a bigger disrupter than Amazon ($AMZN). (bloombergview.com)
Finance
- Millennials are driving the robo-advisor revolution. (fortune.com)
- Online lenders are down 50% on the year. (ftalphaville.ft.com)
- A bad year is not stopping some hedge funds from pitching new funds. (nytimes.com)
Funds
Global
Economy
- This is the most anticipated Fed rate hike in history. (macro-man.blogspot.com)
- Why the Fed is justified in raising rates. (scottgrannis.blogspot.com)
Earlier on Abnormal Returns
- Personal finance links: saving more. (abnormalreturns.com)
- A new Essential Listening is up with takes on Superforecasting, A/B Testing and the search for the perfect cheeseburger. (blogs.cfainstitute.org)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)
