Book insights: Ten commandments for aspiring Superforecasters. Insights from Philip Tetlock’s Superforecasting: The Art and Science of Prediction. (Farnam Street)
Quote of the Day
"Making forecasts isn’t a skill like shooting free throws where you simply listen to people with better track records."
(Eddy Elfenbein)
Markets
- The yield curve continues to flatten. (crossingwallstreet.com)
- 2015 has been a rough year for diversified investors. (ryandetrick.tumblr.com)
- While no one was watching natural gas just had a huge rally. (bespokepremium.com)
Strategy
- The casual case for market timing. (news.morningstar.com)
- Low price/book has been a losing strategy over the past decade. (investorfieldguide.com)
- 10 market lessons learned in 2015. (ivanhoff.com)
- "Shoulda, coulda, woulda are a drain on emotional capital." (fmdcapital.com)
Amazon Prime
- 9 little-known Amazon ($AMZN) Prime perks. (finance.yahoo.com)
- Sign up for a free 30-day trial to Amazon Prime and get streaming video and audio to boot. (amazon.com)
Companies
- Biotech has bounced back well from its October scare. (wsj.com)
- Berkshire Hathaway ($BRKB) had a disappointed 2015, stock price-wise. (next.ft.com)
Finance
- Muni bond dealers are a dying breed. (bloomberg.com)
- The CME Group ($CME) wants to do more than just trade futures. (institutionalinvestor.com)
- Exchange rules helped exacerbate the August 24th market mess. (bloomberg.com)
Offers
- Sign up for a trial of Audible.com and get two free e-books in the process including "Superforecasting: The Art and Science of Prediction." (amzn.to)
- MODERN TRADER Magazine—the essential journal for professional traders and active investors. Get one of five investment classics, like "The Little Book of Market Wizards" with this special subscription offer! (moderntrader.com)
Funds
- Tracking the "stunning rise" in passive management. (bloomberg.com)
- WisdomTree ($WETF) is the kind of currency-hedged ETFs. (bloomberg.com)
- Invesco PowerShares QQQ ($QQQ) wants a new image. (ft.com)
- 2015 has been a rough year for event-driven hedge funds. (bloomberg.com)
Earlier on Abnormal Returns
- I recently spoke with Pete the Planner about the ETF space. (blog.petetheplanner.com)
- Personal finance links: constantly disappointed. (abnormalreturns.com)
- What you may have missed in our Tuesday links. (abnormalreturns.com)
