Book review: Maria Konnikova’s The Confidence Game: Why We Fall For It…Every Time is “..an enjoyable read with tales of cons and con artists throughout history.” (Farnam Street)
Quote of the Day
"Once one accepts that equities can underperform, then one needs to worry about starting valuations."
(Buttonwood)
Markets
- We are seeing a rash of "instant experts" on recessions. (dashofinsight.com)
- Why it may be too late sell. (donfishback.com)
- Treasury bonds and gold have led the market in 2016. (stockcharts.com)
Strategy
- On the differences between gambling and investing. (bloombergview.com)
- How investors gird themselves to hold through market volatility. (awealthofcommonsense.com)
- Elite traders aren't all about the money. (smbtraining.com)
Offers
- Amazon shows more Golden Globes than Netflix. Check them all out with a 30-day Prime trial. (amazon.com)
- Sign up for Audible.com and get two free audio books including "The Confidence Game: Why We Fall For It...Every Time." (amazon.com)
- Take WiFi with you everywhere with Karma Go. Use my code for $10 off yours now! (yourkarma.com)
- Do you get our daily e-mail newsletter? You should. Sign up here. (abnormalreturns.com)
Companies
Finance
- Marketplace lenders have been getting crushed. (bloomberg.com)
- Insider trading convictions have put the chill on wannabe inside traders. (bloomberg.com)
Funds
Economy
- Weekly initial unemployment claims ticked up last week. (calculatedriskblog.com)
- Employment numbers still don't show any sign of recession. (economistsview.typepad.com)
- 4 out of 5 indicators don't point to recession. (econbrowser.com)
Earlier on Abnormal Returns
- Longform links: incongruous evidence. (abnormalreturns.com)
- A new edition of Essential Listening is up including interviews with Michael Covel, Meb Faber and Daymond John. (blogs.cfainstitute.org)
- What you may have missed in our Wednesday links. (abnormalreturns.com)
