Book review: The Perfect Bet: How Science and Math Are Taking the Luck out of Gambling by Adam Kucharski is a must-read for anyone who bets. (WSJ)
Quote of the Day
"Overall, as a tool of monetary policy, negative interest rates appear to have both modest benefits and manageable costs; and I assess the probability that this tool will be used in the U.S. as quite low for the foreseeable future."
(Ben Bernanke)
Negative interest rates
- It doesn't take much of a move up in rates to crush returns. (next.ft.com)
- Visualizing the relentless rise of negative interest rate bonds. (ritholtz.com)
Strategy
- There are a lot of reasons why the stock market should not be where it is...but it is. (thereformedbroker.com)
- Why would anyone still be holding Valeant ($VRX)? (financetrends.blogspot.com)
- Treasury assets are a good hedge against stock market risk but it comes at a cost. (thepfengineer.com)
Offers
- Download the Kindle app and start reading on any device today. (amazon.com)
- Amazon Prime keeps adding features. Join for a 30-day trial and experience it all. (amazon.com)
- Join Amazon Kindle Unlimited for a 30-day trial and read to your heart's content. (amazon.com)
Companies
- Twitter ($TWTR) is sticking with the 140 character limit. (loopinsight.com)
- Companies are about people, not products. (valueplays.net)
Finance
Funds
Economy
- The Fed continues to ratchet down its expectations for short-term interest rates. (ftalphaville.ft.com)
- The US may have lost forever its ability to manufacture certain capital goods. (bloombergview.com)
- JOLTS is looking like a typical late-cycle slowdown. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Podcast links: building great teams. (abnormalreturns.com)
- What you may have missed in our Thursday linkfest. (abnormalreturns.com)
- A new Essential Listening is up with episodes on with talks on stubborn hedgies, the $AMZN Echo and no-tipping policies. (blogs.cfainstitute.org)
- Guest post: Why Estimize created Forcerank, the Fanduel for the stock market. (Promo code included!) (abnormalreturns.com)
- Index investing: micro-efficient AND macro-inefficient? (abnormalreturns.com)
