These are the top ten investing books recommended by investment masters including You Can Be a Stock Market Genius by Joel Greenblatt. (The Ways to Wealth)
Quote of the Day
"What hindsight does is it blinds us to the uncertainty with which we live. That is, we always exaggerate how much certainty there is. Because after the fact, everything is explained. Everything is obvious. And the presence of hindsight in a way mitigates against the careful design of decision making under conditions of uncertainty."
(Daniel Kahneman)
Chart of the Day
When the big four market indices all simultaneously hit all-time highs the future performance is not so hot. (via @SentimenTrader)
Markets
- The major stock market averages have broken out. (thereformedbroker.com)
- All-time highs are not bearish. (theirrelevantinvestor.com)
- There is no correlation between the US dollar and stocks. (thereformedbroker.com)
Strategy
- The 'do half' rule applied. (alephblog.com)
- On the difference between real investors and fake investors. (nytimes.com)
- Investors just can't avoid falling for a "good story." (systematicrelativestrength.com)
Offers
- You can still get a Kindle for just $49.99 today. (amazon.com)
- Sign up for an Audible.com trial and get two free books including "The Revenge of Analog: Real Things and Why They Matter" by David Sax. (amazon.com)
- Tim Ferriss' "Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers" will be a big holiday book gift. (amazon.com)
Amazon
- Amazon ($AMZN) wants to take on Ticketmaster. (arstechnica.com)
- Amazon ($AMZN) is reportedly interested in acquiring live sports programming. (fortune.com)
Finance
- Hedge funds are starting to have to tighten their belts. (reuters.com)
- Steve Cohen bought a stake in millennial investing app Acorns. (wsj.com)
- A Dallas pension fund is undergoing a run on assets. (wsj.com)
Funds
Economy
Earlier on Abnormal Returns
- Research links: low vol expectations. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: table stakes. (abnormalreturns.com)
