Book review: Martin Ford’s The Rise of the Robots: Technology and the Threat of a Jobless Future is both “bleak” and “hopeful.” (Institutional Investor)
Quote of the Day
"My high leverage idea for 2016 and beyond is to get off the merry-go-round of the next new thing and to eliminate obvious mistakes first and foremost."
(Robert Seawright)
Strategy
- 2015 has been a tough year for contrarians. (awealthofcommonsense.com)
- Kyle Bass on the opportunity in energy. (bloomberg.com)
- 5 tips for new stock market investors. (medium.com)
Offers
- Sign up for a free 30-day trial to Amazon Prime and get streaming video and audio to boot. (amazon.com)
- 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)
- 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)
Companies
- Yahoo ($YHOO) should go private to maximize its opportunities. (businessinsider.com)
- Bill Miller bet big on Twitter ($TWTR) in 2015. (ibankcoin.com)
Finance
Funds
- ETF fees are likely to continue falling in 2016. (etf.com)
- Alternative asset funds are becoming a harder sell. (wsj.com)
- Bespoke ETFs are still a thing. (blogs.barrons.com)
Economy
- The Chicago Business Barometer was a bit of disaster for December. (calculatedriskblog.com)
- Weekly initial unemployment claims continue well below 300k. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Longform links: base rates. (abnormalreturns.com)
- A new Essential Listening is up with discussions about luck & skill, the mortgage crisis and better cooking through science. (blogs.cfainstitute.org)
- I contributed to Josh's annual "In 2015 I learned that..." post. (thereformedbroker.com)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)
- I recently spoke with Pete the Planner about the ETF space. (blog.petetheplanner.com)
