Book list: Tyler Cowen’s list of the best non-fiction of 2016 including: The Gene: An Intimate History by Siddhartha Mukherjee. (Marginal Revolution)
Quote of the Day
"The worst thing that can happen to a young gambler is that he wins the first time he goes to the casino. He might convince himself he can beat the system."
(Shane Parrish)
Markets
Strategy
- Long duration, no matter the asset class, is risky. (fortunefinancialadvisors.com)
- Why we should celebrate higher interest rates. (blog.thinknewfound.com)
- David Merkel, "Separating the transitory from the permanent is tough." (alephblog.com)
- The case against shorting stocks. (acquirersmultiple.com)
- On the importance of self-awareness in trading success. (traderfeed.blogspot.com)
Offers
- You can still get "Quantitative Momentum: A Practitioner's Guide to Building a Momentum-Based Stock Selection System" for just $9.99 (plus shipping)* at Amazon. (amazon.com)
- Abnormal Returns are pre-ordering Michael Lewis' "The Undoing Project: A Friendship That Changed Our Minds" in time for the holidays. (amazon.com)
Companies
- Why Disney ($DIS) is worth more with ESPN spun off. (businessinsider.com)
- DirecTV Now is AT&T's ($T) full-fledged push into entertainment. (qz.com)
- How Adidas turned things around. (brontecapital.blogspot.com)
Finance
- Elliott Management is not happy with Cognizant Technologies ($CTSH). (medium.com)
- The Chicago Stock Exchange is trying to assuage lawmakers about its takeover. (reuters.com)
Economy
- US GDP grew at a 3.2% rate in Q3 2016. (crossingwallstreet.com)
- Home prices are back to pre-bubble levels. (calculatedriskblog.com)
- Ben Bernanke on the value (little) of Fed rate projections. (brookings.edu)
Earlier on Abnormal Returns
- Research links: grounded in reality. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: really focused funds. (abnormalreturns.com)
