Book review: Martin Fridson thinks “Wall Street Wars [by Richard E. Farley] is a fine work of popular financial history.” (Enterprising Investor)
Quote of the Day
"Unfortunately the momentum of the “Stay Private” movement is devastating our economy."
(Mark Cuban)
Chart of the Day
There is now nearly $6 trillion in government bonds trading with a negative yield.
Markets
- Remember muni bonds? They are up in 2016. (investmentnews.com)
- If the Fed backs off of rate rises, the US dollar could be at risk. (marketanthropology.com)
- The US stock market isn't officially in a bear market but it is acting like it is in one. (capitalspectator.com)
Strategy
- It was almost impossible to make money in 2015 as a long-only investor. (gestaltu.com)
- On the differences between individual and institutional investors. (awealthofcommonsense.com)
- Some lessons learned from some college kids interested in trading. (smbtraining.com)
Offers
- MODERN TRADER Magazine—the essential journal for professional traders and active investors. This special subscription offer includes free investment classic book! (moderntrader.com)
- Sign up for a 30-day trial of Audible.com and get two free books including "The Term Sheet: A Startup Thriller Novel." (amazon.com)
- Amazon Prime is also allows for the streaming of millions of songs. Start a free-trial now! (amazon.com)
Companies
- Kids don't want toys any more...hence merger talks between Mattel ($MAT) and Hasbro ($HAS). (bloomberg.com)
- Why Disney ($DIS) doesn't want this deal to go through. (bloomberg.com)
Corporate finance
- Why do companies still pay dividends? (pragcap.com)
- American CEOs make even more than people think. (washingtonpost.com)
Amazon Echo
- The Amazon Echo can now order you an Uber. (theverge.com)
- Check out what else the Echo can do here: (amzn.to)
Uber
- Uber needs to "man up" and go public already. (businessinsider.com)
- Morgan Stanley ($MS) clients are "blindly" buying into Uber. (nytimes.com)
Hedge funds
- Kyle Bass is shorting this non-traded REIT. (businessinsider.com)
- Hedge funds need to be wary of running internal-only funds. (bloomberg.com)
Funds
- Why investors are bad at picking alternative asset funds. (severianasset.com)
- Mediocre asset management is no longer a business. (thereformedbroker.com)
Economy
Earlier on Abnormal Returns
- Podcast links: underestimating risk. (abnormalreturns.com)
- What you may have missed in our Thursday linkfest. (abnormalreturns.com)
- Diversification, re-balancing and the risk of home country bias. (abnormalreturns.com)
- The Big Short movie: transgressive art. (abnormalreturns.com)
- The irresistible magic of the list. (abnormalreturns.com)
- A new Essential Listening is up with talks about hedge fund cloning, high-end real estate and the world of adhesives. (blogs.cfainstitute.org)
- What books Abnormal Returns readers purchased in January 2016. (abnormalreturns.com)
