Andrew Ng recommends Zero to One by Peter Thiel and So Good They Can’t Ignore You by Cal Newport. (Farnam Street)
Quote of the Day
"In investing, what always matters is not what happens but how it differs from what people were expecting to happen. The best way to make the gods of financial history laugh is to say that anything is “clearly” going to happen."
(Jason Zweig)
Chart of the Day
Picking a car is nothing like picking investments. (via @ritholtz)
Markets
- The reflation trade can be seen in TIPS outperformance. (blogs.barrons.com)
- Stanley Druckenmiller is positioned toward faster economic growth. (marketfolly.com)
Strategy
- Brett Steenbarger, "We can trade for profits or we can trade for stimulation and excitement; rarely both." (traderfeed.blogspot.com)
- Buying the dip is easier said than done. (theirrelevantinvestor.com)
- Meb Faber, "To all my friends that were "waiting to invest until after the election when the uncertainty is removed". Feeling more certain?" (twitter.com)
Offers
- Podcast listeners will see much to like in Tim Ferriss' forthcoming "Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers." (amazon.com)
- Try Audible.com and get two free audiobooks including Wayne Gretzky's memoir "99 Stories of the Game." (amazon.com)
- Streamline your viewing and sign up for a free trial to Showtime, STARZ or Seeso at Amazon. (amazon.com)
- "Atlas Obscura: An Explorer's Guide to the World's Hidden Wonders" looks like a great holiday gift. (amazon.com)
Finance
- Teza Technologies is getting out of HFT in favor of running a quantitative hedge fund (ft.com)
- How hedge fund marketers craft their messages. (institutionalinvestor.com)
Economy
- Weekly initial unemployment claims continue to trend at low levels. (calculatedriskblog.com)
- How universities seems to boost economic growth. (voxeu.org)
Earlier on Abnormal Returns
- Startup links: beating the averages. (abnormalreturns.com)
- Overconfidence and the scout mindset. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: focusing on what matters. (abnormalreturns.com)
