Book notes: Three notes about creativity from Wired to Create: Unraveling the Mysteries of the Creative Mind by Scott Barry Kaufman and Carolyn Gregoire. (NYMag)
Quote of the Day
"Expecting a bond fund manager to traverse the interest and inflation rate environment perfectly is a ridiculous goal."
(Ben Carlson)
Markets
- The average stock is already in a bear market. (bloomberg.com)
- Will buybacks collapse in 2016? (blogs.barrons.com)
- Oil is cheap. (scottgrannis.blogspot.com)
Strategy
- Much of what is said about China is wrong. (dashofinsight.com)
- How to deal with trading losses. (stockcharts.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 $10 off yours: (yourkarma.com)
- Sign up for a 30-day trial from Amazon Prime and get access to a huge video library and much, much more. (amazon.com)
Companies
Finance
- Goldman Sachs ($GS) and Morgan Stanley ($MS) now trade below tangible book value. (bloomberg.com)
- Goldman Sachs ($GS) is not afraid of the mezzanine finance business. (reuters.com)
- Why bankers should have a poker face at bonus time. (businessinsider.com)
- "Wall Street always wins..." (feld.com)
Funds
- The year in alternative asset funds. (news.morningstar.com)
- Funds are an increasingly large part of the high yield bond market. (bloomberg.com)
- 401(k) providers are under assault (legally). (news.morningstar.com)
- Options traders LOVE ETFs. (investmentnews.com)
Global
- Saudi Aramco is contemplating selling shares to outside investors. (next.ft.com)
- The Saudis have picked a bad time to sell shares in Aramco. (bloomberg.com)
- How the petrostates may solve their fiscal problems. (ftalphaville.ft.com)
Economy
- The December NFP report was a blow out. (capitalspectator.com)
- Bill McBride,"Overall this was another strong employment report." (calculatedriskblog.com)
- Food prices are falling. (climateerinvest.blogspot.in)
Earlier on Abnormal Returns
- Podcast links: the gender pay gap story. (abnormalreturns.com)
- What you may have missed in our Thursday linkfest. (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 books Abnormal Returns readers purchased in December 2015. (abnormalreturns.com)
