Book list: The best money-related reads from 2015 including John Kay’s Other People’s Money: The Real Business of Finance. (Monevator)
Quote of the Day
"None of your views should be so cherished that you won't abandon them when the facts change or learn something disconfirming. The world changes, and nobody knows a fraction of what's out there. As soon as someone commits their life to one big idea, they'll believe it no matter how wrong it may be."
(Morgan Housel)
Markets
- By any measure risk is elevated. (capitalspectator.com)
- The stock market has priced in a fair amount of bad news. (scottgrannis.blogspot.com)
- The stock market isn't entirely oversold just yet. (quantifiableedges.com)
Strategy
- 10 bear market truths. (awealthofcommonsense.com)
- The challenges of timing the stock market. (bloombergview.com)
- Trading isn't about predicting the future. (thecrosshairstrader.com)
- Investment lesson from Genghis Kahn. (tonyisola.com)
Offers
- Get Meb Faber's new book "Invest With the House: Hacking the Top Hedge Funds." (amzn.to)
- Take WiFi with you everywhere with Karma Go. Use my code for $10 off yours: (yourkarma.com)
- Sign up for a 30-day trial from Amazon Prime and get access to a huge video library. (amazon.com)
Companies
Finance
- Investors seem to be tiring of share buybacks. (ftalphaville.ft.com)
- You can now view StockTwits through your Fidelity account. (blog.stocktwits.com)
Global
Economy
- Weekly initial unemployment claims continue to track at historically low levels. (calculatedriskblog.com)
- Where American families are moving. (newgeography.com)
Earlier on Abnormal Returns
- Longform links: forecasting fiesta. (abnormalreturns.com)
- Meb Faber's new book "Invest With the House" is now out. (abnormalreturns.com)
- A new edition of Essential Listening is up with looks at Superforecasting, venture capital investing and the power of intuition. (blogs.cfainstitute.org)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in December 2015. (abnormalreturns.com)
