A Q&A with Cathy O’Neil author of Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy about what finance algorithms can teach the broader world about their use (and abuse). (Advisor Perspectives)
Quote of the Day
"It is not surprising that there is a very high failure rate among new traders. What other field features people trying to make a living from performance before they've truly learned how to perform?"
(Brett Steenbarger)
Markets
- US 10-year yields are up 100 bp from their low. (twitter.com)
- Treasury yields are essentially back to where they started the year. (thereformedbroker.com)
- So much for the rally in gold. (bloomberg.com)
- And silver... (zerohedge.com)
Strategy
- Cost, persistence and transparency: the basis for evidence-based investing. (beta.morningstar.com)
- Become a Better Investor's top five bloggers for 2016. (becomeabetterinvestor.net)
Offers
- Apple's done building home wifi routers. The eero is the best system on the market at $100 off. (amazon.com)
- Through Sunday spend $25 on books at Amazon, like "The Undoing Project" by Michael Lewis, and get $10 when you use the code "HOLIDAYBOOK." (amazon.com)
Companies
Hedge funds
- A hedge fund that combines HFT with statistical arbitrage. (bloomberg.com)
- Hedge fund assets are pretty flat. (blogs.barrons.com)
- An interview with David Harding of Winton Capital on the rise of quant. (blogs.barrons.com)
- A big hedge fund is getting into the CLO business. (businessinsider.com)
Home mortgages
- Mortgage rates are up 50 bp from the low. (nytimes.com)
- The limits on non-conforming home loans is set to increase. (wsj.com)
- Fintech startups are taking aim at the home mortgage market. (ft.com)
Global
- Why has the UK's most prominent fund manager invested in a cold fusion company? (ftalphaville.ft.com)
- On the state of European share buybacks. (bloomberg.com)
Economy
- Five economic reasons to be thankful. (calculatedriskblog.com)
- Economist have embraced machine learning techniques. (economist.com)
- Why your point of reference matters. (flowingdata.com)
Earlier on Abnormal Returns
- Podcast links: failing civilizations. (abnormalreturns.com)
- We scoured the Black Friday deals and found ones that we could endorse. (abnormalreturns.com)
- Startup links: seed checklists. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: intelligent financial writing. (abnormalreturns.com)
