Book review: “Grant’s optimism about the potential of human beings to improve themselves and their organisations is refreshing..” A look at Adam Grant’s Originals: How Non-Conformists Move the World. (FT)
Quote of the Day
"Fifty years ago a human fund manager could possibly know all that was needed to know to invest well. That isn’t likely any more.."
(David Siegel)
Strategy
- What the hell is going on this year? (theirrelevantinvestor.wordpress.com)
- Managed futures funds are the sole bright spot this year. (next.ft.com)
- You are in the midst of a "real-time stress test." Don't let it go to waste. (seeitmarket.com)
Offers
- Tax time is rapidly approaching. Get 40% off TurboTax at Amazon. (amazon.com)
- Sign up for an Audible.com free trial and get two audio books including "Originals: How Non-Conformists Move the World." (amazon.com)
- Amazon programs, like "Mozart in the Jungle," won more Golden Globes than Netflix. Check them all out with a 30-day Prime trial. (amazon.com)
- Twitter ($TWTR) looks cheap relative to its rivals. (riskreversal.com)
- Is Twitter ($TWTR) now takeover bait? (wsj.com)
Companies
- Why the Big 5 ($AAPL, $FB, $GOOG, $AMZN & $MSFT) will dominate tech for the foreseeable future. (nytimes.com)
- Apple ($AAPL) recognizes that the iPhone will one day go away. (aboveavalon.com)
- Why Amazon ($AMZN) has a good shot at being the world's most valuable company. (businessinsider.com)
- The real reason why GE ($GE) is moving to Boston. (strategy-business.com)
Warren Buffett
- IBM ($IBM) is a hot mess. Why is Warren Buffett holding on? (jeffmatthewsisnotmakingthisup.blogspot.com)
- Why is Buffett being so open about his Phillips 66 ($PSX) purchases? (footnoted.com)
Finance
- IEX Group has no shortage of enemies on Wall Street. (bloomberg.com)
- Cybersecurity is a real issue for banks. (ftalphaville.ft.com)
- Private equity's golden age was not all that golden. (bloomberg.com)
Global
Economy
- Weekly initial unemployment claims are trending below 300k. (calculatedriskblog.com)
- Economic momentum is waning but from a high level. (capitalspectator.com)
Earlier on Abnormal Returns
- Longform links: pruning BS. (abnormalreturns.com)
- The illiquidity premium is only available to those already liquid. (abnormalreturns.com)
- Our January book-related link round-up is up including looks at Maria Konnikova’s "The Confidence Game: Why We Fall For It…Every Time." (abnormalreturns.com)
- A new Essential Listening is up featuring podcasts on behavioral economics, how con men work and the death of the banana. (blogs.cfainstitute.org)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)
